Thursday, October 27, 2016

Gold World News Flash

Gold World News Flash

Silver Prices in an Exponential Financial System - Gary Christenson

Posted: 26 Oct 2016 10:10 PM PDT

Sprott Money

The Dark Agenda Behind Globalism And Open Borders

Posted: 26 Oct 2016 07:45 PM PDT

Submitted by Brandon Smith via,

When people unfamiliar with the liberty movement stumble onto the undeniable fact of the “conspiracy” of globalism they tend to look for easy answers to understand what it is and why it exists.  Most people today have been conditioned to perceive events from a misinterpreted standpoint of “Occam’s Razor” — they wrongly assume that the simplest explanation is probably the right one.

In fact, this is not what Occam’s Razor states. Instead, to summarize, it states that the simplest explanation GIVEN THE EVIDENCE at hand is probably the right explanation.

It has been well known and documented for decades that the push for globalism is a deliberate and focused effort on the part of a select “elite;” international financiers, central bankers, political leaders and the numerous members of exclusive think tanks. They often openly admit their goals for total globalization in their own publications, perhaps believing that the uneducated commoners would never read them anyway. Carroll Quigley, mentor to Bill Clinton and member of the Council on Foreign Relations, is often quoted with open admissions to the general scheme:

“The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland; a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank… sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.” - Carroll Quigley, Tragedy And Hope

The people behind the effort to enforce globalism are tied together by a particular ideology, perhaps even a cult-like religion, in which they envision a world order as described in Plato’s Republic. They believe that they are “chosen” either by fate, destiny or genetics to rule as philosopher kings over the rest of us. They believe that they are the wisest and most capable that humanity has to offer, and that through evolutionary means, they can create chaos and order out of thin air and mold society at will.

This mentality is evident in the systems that they build and exploit. For example, central banking in general is nothing more than a mechanism for driving nations into debt, currency devaluation, and ultimately, enslavement through widespread economic extortion. The end game for central banks is, I believe, the triggering of historic financial crisis, which can then be used by the elites as leverage to promote complete global centralization as the only viable solution.

This process of destabilizing economies and societies is not directed by the heads of the various central banks.  Instead, it is directed by even more central global institutions like the International Monetary Fund and the Bank for International Settlements, as outlined in revealing mainstream articles like Ruling The World Of Money published by Harpers Magazine.

We also find through the words of globalists that the campaign for a “new world order” is not meant to be voluntary.

“… When the struggle seems to be drifting definitely towards a world social democracy, there may still be very great delays and disappointments before it becomes an efficient and beneficent world system. Countless people … will hate the new world order … and will die protesting against it. When we attempt to evaluate its promise, we have to bear in mind the distress of a generation or so of malcontents, many of them quite gallant and graceful-looking people.” - HG Welles, Fabian Socialist and author of The New World Order


“In short, the ‘house of world order’ will have to be built from the bottom up rather than f rom the top down. It will look like a great ‘booming, buzzing confusion,’ to use William James’ famous description of reality, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.” - Richard Gardner, member of the Trilateral Commission, published in the April, 1974 issue of Foreign Affairs


“The New World Order cannot happen without U.S. participation, as we are the single most significant component. Yes, there will be a New World Order, and it will force the United States to change its perceptions.” - Henry Kissinger, World Action Council, April 19, 1994

I could quote globalists all day long, but I think you get the general idea. While some people see globalism as a “natural offshoot” of free markets or the inevitable outcome of economic progress, the reality is that the simplest explanation (given the evidence at hand) is that globalism is an outright war waged against the ideal of sovereign peoples and nations. It is a guerrilla war, or fourth generation warfare, waged by a small group of elites against the rest of us.

A significant element of this war concerns the nature of borders. Borders of nations, states and even towns and villages, are not just lines on a map or invisible barriers in the dirt. This is what the elites and the mainstream media would like us to believe. Instead, borders when applied correctly represent principles; or at least, that is supposed to be their function.

Human beings are natural community builders; we are constantly seeking out others of like-mind and like-purpose because we understand subconsciously that groups of individuals working together can (often but not always) accomplish more. That said, human beings also have a natural tendency to value individual freedom and the right to voluntary association. We do not like to be forced to associate with people or groups that do not hold similar values.

Cultures erect borders because, frankly, people have the right to vet those who wish to join and participate in their endeavors. People also have a right to discriminate against anyone who does not share their core values; or, in other words, we have the right to refuse association with other groups and ideologies that are destructive to our own.

Interestingly, globalists and their mouthpieces will argue that by refusing to associate with those who might undermine our values, it is WE who are violating THEIR rights. See how that works?

Globalists exploit the word “isolationism” to shame sovereignty champions in the eyes of the public, but there is no shame in isolation when such principles as freedom of speech and expression or the right to self defense are on the line. There is also nothing wrong with isolating a prosperous economic model from unsuccessful economic models. Forcing a decentralized free market economy to adopt feudal administration through central banking and government will eventually destroy that model. Forcing a free market economy into fiscal interdependencey with socialist economies will also most likely undermine that culture. Just as importing millions of people with differing values to feed on a nation after it has had socialism thrust upon it is a recipe for collapse.

The point is, some values and social structures are mutually exclusive; no matter how hard you try, certain cultures can never be homogenized with other cultures. You can only eliminate one culture to make room for the other in a border-less world. This is what globalists seek to achieve.  It is the greater purpose behind open border policies and globalization - to annihilate ideological competition so that humanity thinks it has no other option but the elitist religion.  The ultimate end game of globalists is not to control governments (governments are nothing more than a tool).  Rather, their end game is to obtain total psychological influence and eventually consent from the masses.

Variety and choice have to be removed from our environment in order for globalism to work, which is a nice way to say that many people will have to die and many principles will have to be erased from the public consciousness.  The elites assert that their concept of a single world culture is the pinnacle principle of mankind, and that there is no longer any need for borders because no other principle is superior to theirs. As long as borders as a concept continue to exist there is always the chance of separate and different ideals rising to compete with the globalist philosophy. This is unacceptable to the elites.

This has led not so subtle propaganda meme that cultures that value sovereignty over globalism are somehow seething cauldrons of potential evil. Today, with the rising tide of anti-globalist movements, the argument in the mainstream is that “populists” (conservatives) are of a lower and uneducated class and are a dangerous element set to topple the “peace and prosperity” afforded by globalist hands.  In other words, we are treated like children scrawling with our finger paints across a finely crafted Mona Lisa.  Once again, Carroll Quigley promotes (or predicts) this propaganda decades in advance when he discusses the need for “working within the system” for change instead of fighting against it:

“For example, I’ve talked about the lower middle class as the backbone of fascism in the future. I think this may happen. The party members of the Nazi Party in Germany were consistently lower middle class. I think that the right-wing movements in this country are pretty generally in this group.” - Carroll Quigley, from Dissent: Do We Need It?

The problem is that these people refuse to confront the fruits of globalization that can be observed so far. Globalists have had free reign over most of the world's governments for at least a century, if not longer. As a consequence of their influences, we have had two World Wars, the Great Depression, the Great Recession which is still ongoing, too many regional conflicts and genocides to count and the systematic oppression of free agent entrepreneurs, inventors and ideas to the point that we are now suffering from social and financial stagnation.

The globalists have long been in power, yet, the existence of borders is blamed for the storm of crises we have endured for the past hundred years? Liberty champions are called “deplorable” populists and fascists while globalists dodge blame like slimy slithering eels?

This is the best card the globalists have up their sleeve, and it is the reason why I continue to argue that they plan to allow conservative movements to gain a measure of political power in the next year, only to pull the plug on international fiscal life support and blame us for the resulting tragedy.

There is no modicum of evidence to support the notion that globalization, interdependencey and centralization actually work. One need only examine the economic and immigration nightmare present in the EU to understand this. So, the globalists will now argue that the world is actually not centralized ENOUGH. That’s right; they will claim we need more globalization, not less, to solve the world’s ailments.

In the meantime, principles of sovereignty have to be historically demonized — the concept of separate cultures built on separate beliefs has to be psychologically equated with evil by future generations. Otherwise, the globalists will never be able to successfully establish a global system without borders.

Imagine, for a moment, an era not far away in which the principle of sovereignty is considered so abhorrent, so racist, so violent and poisonous that any individual would be shamed or even punished by the collective for entertaining the notion. Imagine a world in which sovereignty and conservatism are held up to the next generation as the new “original sins;” dangerous ideas that almost brought about the extinction of man.

This mental prison is where globalists want to take us. We can break free, but this would require a complete reversal of the way in which we participate in society. Meaning, we need a rebellion of voluntary associations. A push for decentralization instead of globalization. Thousands upon thousands of voluntary groups focusing on localization, self reliance and true production. We must act to build a system that is based on redundancy instead of fragile interdependencey. We need to go back to an age of many borders, not less borders, until every individual is himself free to participate in whatever social group or endeavor he believes is best for him, as well as free to defend against people that seek to sabotage him; a voluntary tribal society devoid of forced associations.

Of course, this effort would require unimaginable sacrifice and a fight that would probably last a generation. To suggest otherwise would be a lie. I can’t possibly convince anyone that a potential future based on a hypothetical model is worth that sacrifice. I have no idea whether it is or is not. I can only point out that the globalist dominated world we live in today is clearly doomed. We can argue about what comes next after we have removed our heads from the guillotine.

Hyperinflation Looms As 'Black Market' Egyptian Pound Crashes To Record Low

Posted: 26 Oct 2016 06:50 PM PDT

With all eyes on the drop in the British Pound, it is another 'pound' that is utterly collapsing. Despite its official exchange rate is 8.88 per dollar, Egypt’s pound dropped to 16.11 per dollar in the black market, another record that extends declines over the past month to 19% and down over 40% since it devalued in March.

The Sovereign CDS market (which prices for both default and devaluation) is pricing in a further dramatic devaluation of the official rate...


Bloomberg reports that Africa’s third-biggest economy will close a $12 billion lifeline from the International Monetary Fund within two months, according to Prime Minister Sherif Ismail, as pressure grows on the country to weaken its currency to lure foreign investment and stimulate growth.

Ever since General Sisi ousted the Muslim Brotherhood, the Egyptian economy has remained in shambles. Businessmen are fed up.  They are ignoring government gag orders, and are making their voices heard. And why not?  They are losing sales, missing deadlines, and scrapping expansion plans because of limited access to U.S. dollars.

Where are the greenbacks that Egyptians demand? Well, even though General Sisi has passed the begging bowl, the cupboard is pretty bare (as the accompanying chart shows).  This, in part, is due to the Muslim Brotherhood.  The Brotherhood did one thing well: they blew through foreign exchange reserves like wildfire.   Not surprisingly, the Sisi administration is squeaky tight about holding on to its limited reserves.

As we noted in March, the only sure-fire way to save the pound and eliminate Egypt’s USD shortage is to install a currency board.  This would allow the quantity of pounds in circulation to be determined by a free-market mechanism.

So, just what is a currency board? Operating under currency board rules, a monetary authority issues notes and coins convertible on demand into a foreign anchor currency at a fixed exchange rate. As reserves, a currency board holds low-risk, interest-bearing bonds denominated in the anchor currency.  The reserve levels are set by law and are equal to 100 percent, or slightly more, of its monetary liabilities. A currency board generates profits
(seigniorage) from the difference between the interest it earns on its reserve assets and the expense of maintaining its liabilities. By design, a currency board has no discretionary monetary powers and cannot engage in the fiduciary issue of money. Its operations are passive, and automatic. The sole function of a currency board is to exchange the domestic currency it issues for an anchor currency at a fixed rate.  Consequently, the quantity of domestic currency in circulation is determined solely by market forces, namely the demand for domestic currency.

There have been many currency boards, and none have failed.  By design, they can’t be broken. Even the currency board designed by John Maynard Keynes, which was installed in North Russia, during the civil war, worked like a charm. 

But, you may ask, what about Argentina’s Convertibility System (1991 2001). That system was not a currency board.  It might have had the appearance of a currency board, but appearances can be deceiving, particularly in Argentina.  Even though it linked the peso to the USD at a one-to-one rate, the Convertibility System was a system that operated with monetary discretion – unlike a currency board.  And over long periods of time,
the discretion was wild.

A currency board would give Egypt stability, and while stability might not be everything, everything is nothing without stability.


Posted: 26 Oct 2016 06:00 PM PDT

ALERT: SHOCKING: WIKILEAKS REVEALS HILLARY CLINTON FOUNDATION SECRET EVIL PLANS TO SALVAGE THE ELECTION BECAUSE TRUMP IS WINNING! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

Central banks fear exposure of their interventions, so we GATA press on

Posted: 26 Oct 2016 04:08 PM PDT

Gold Market Manipulation Update

Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 26, 2016

Since 1999 the Gold Anti-Trust Action Committee has been trying to get the financial industry, the mining industry, and mainstream financial news organizations to acknowledge that the gold market is aggressively manipulated by governments and central banks to protect their currencies and bonds against competition from a potentially superior currency and store of value. This year seems to have been the one when respectable people in the financial industry gave up disputing us.

Not that GATA still isn't disparaged. Rather, respectable people in the financial industry have gone from denying that the gold market is manipulated to dismissing complaints of gold market manipulation because, they say, "ALL markets are manipulated."

Of course this response is an evasion. It fails to address the specifics and purposes of the manipulation of the gold market. That is, are ALL markets manipulated nearly every day by the surreptitious sale by governments and central banks of massive amounts of imaginary product? Are ALL markets manipulated every day so the developed world can expropriate the resources of the developing world?

... Dispatch continues below ...


13.4 Trillion Reasons Why New BMG Silver BullionFund
Makes Sense for Investors Looking for a Safe Haven

Company Announcement
Monday, October 17, 2016

TORONTO, Ontario -- Bullion Management Group Inc., a Canadian pioneer in precious metals investing, has expanded its line of bullion funds with the launch of BMG Silver BullionFund. The new fund invests exclusively in physical silver bullion. It is designed for investors seeking to add silver to their precious metals investments that offer long-term security and potential capital growth.

BMG Silver BullionFund is an open-end mutual fund trust that can be purchased and redeemed daily at net asset value and is eligible for TFSA, RRSP, and RESP investments.

Nick Barisheff, president and CEO of BMG, believes that there are several important reasons why investors looking for a safe haven are adding bullion to their portfolios. He observes that $13.4 trillion of government bonds worldwide now offer yields below zero. ...

For the remainder of the announcement:

Respectable people in the financial industry still find such issues politically incorrect, very bad for their business. To avoid these issues, some of these respectable people even assert that central banks don't matter -- even though central banks are authorized to create infinite money and deploy it in secret on a patronage basis, making them the most powerful institutions in the world.

But the evidence of market rigging that has been exposed this year makes it easy to understand the transition from "gold isn't manipulated" to "everything is manipulated."

For example:

-- In the class-action anti-trust lawsuits brought in federal court in New York against the investment banks that operated the daily gold and silver price fixings in London, Deutsche Bank effectively confessed to manipulating the gold and silver markets, agreeing to pay $38 million in damages and to provide evidence against the other defendant banks. The judge authorized the lawsuits to proceed to the discovery and deposition stage, where production of evidence is mandatory. So now the case may get very interesting. The production of evidence may reveal more government involvement with the banks that run the gold market.


-- A study published in July by a finance professor at the University of Western Australia, Dirk Baur, concluded that, as GATA long has maintained, central banks rig the gold market primarily through their leasing of gold, their creation of imaginary gold. This leasing vastly inflates what the world mistakenly understands to be its gold supply and thus suppresses the price. While gold's advocates like to say, "You can't print gold," in effect central banks print massive amounts of it, and while it is imaginary gold, people still accept it. Professor Baur's study is posted at GATA's Internet site:

-- In August JPMorganChase's chief of quantitative and derivatives strategy, Marko Kolanovic, issued a report asserting that the rise in stock markets after the United Kingdom's vote to withdraw from the European Union was caused by central bank intervention:

-- In January a review of former Secretary of State Hillary Clinton's e-mail correspondence, released by the State Department, disclosed an e-mail from her political adviser, Sidney Blumenthal, asserting that France decided to overthrow Libyan dictator Muammar Gaddafi to thwart his plan to use gold and silver to underwrite a new pan-African currency:

-- In March GATA consultant Robert Lambourne disclosed that the annual report of the Bank for International Settlements showed that the BIS, which had gotten out of the gold swap business, had returned to gold swapping in a big way. This signified that central banks lately have been moving gold around desperately to apply it where they believe its price most needs suppressing:

-- In August the Netherlands central bank refused the request of gold researcher Koos Jansen to publish its gold bar list:

This month Austria's central bank, which had publicized its plan to audit its gold reserve, refused Jansen's request to publish its gold bar list and the audit:

In recent years the International Monetary Fund has boasted of increasing the transparency of its gold operations, but in September gold researcher Ronan Manly reported that the IMF had refused to give him access to the records of those supposedly transparent transactions:

These refusals by the Netherlands and Austrian central banks and the IMF suggest, as the annual report of the BIS does, that central bank gold has been moved all around for price suppression purposes and is badly oversubscribed -- that the same gold bars reside on the books of many financial entities, that many people and institutions think they own the same gold.

-- Speaking on March 31 to a financial conference at the Virginia Military Institute in Lexington, the president of the Federal Reserve Bank of New York, William Dudley, refused to answer a question from a GATA supporter in the audience, W. Ware Smith Jr., about whether the Federal Reserve is involved with gold swaps. Smith's question about gold swaps followed his question about Germany's repatriation of some of its gold from the New York Fed. I'd like to show you a one-minute excerpt from the exchange between Dudley and Smith:

You can't hear Smith's follow-up question, but that's when he asked Dudley if the Fed was involved with gold swaps.

Note Dudley's reply to Smith: "I can't comment on individual customer kind of transactions."

But Smith had not asked Dudley to comment on any "individual customer kind of transactions." Smith had asked only if the Fed is involved in gold swapping. And of course in his previous reply to Smith, Dudley had discussed transactions with an individual customer of the Fed, Germany's Bundesbank.

When Smith told me about his exchange with Dudley, I wrote to the publicist for the New York Fed, Eric Pajonk, seeking confirmation and posing Smith's question for myself. I asked Pajonk: Is the Fed involved with gold swaps?

The New York Fed's publicist acknowledged my e-mail and directed me to a transcript of Dudley's speech at VMI and to a YouTube video of Dudley's appearance there, from which the video excerpt I showed you was drawn. But like his boss, the New York Fed's publicist would not answer my question about gold swaps. Remarkably, the New York Fed's publicist repeatedly refused even to acknowledge my gold swaps question:

Now we already knew from a letter sent in 2009 to GATA's lawyer by a member of the Fed's Board of Governors, Kevin M. Warsh, that the Fed is indeed engaged in gold swaps with foreign banks and refuses to disclose the records of these swaps:

So why can't Dudley acknowledge the Fed's gold swap business today? Because gold swaps are for surreptitious market rigging, making the issue too sensitive. Any honesty from the Fed would lead to many more questions about the sensitive matter of market manipulation.

From the vast documentation GATA has collected of surreptitious intervention in the gold market by central banks -- documentation drawn mainly from government archives and statements by central bankers themselves, many of these documents quite current -- and from Dudley's clumsy evasion of the gold swap question, you can see how easy it has become to catch central bankers. All you have to do is corner them with specific questions about a document. Though central banking, operating largely in secret, IS conspiracy, GATA's work isn't mere "conspiracy theory." GATA's work is just traditional journalism.

That's why the most urgent issue for investors in the monetary metals may not be the surreptitious intervention in the markets by governments and central banks -- intervention that constitutes the destruction of the market economy and even the destruction of democracy itself. Rather the most urgent issue for monetary metals investors may be the cowardice and even the corruption of mainstream financial news organizations, which won't report critically on central banking and expose its interventions.

Nearly every major mainstream financial news organization in the world has received from GATA a detailed summary of the documentation we have compiled -- a summary containing internet links to the original documents. This summary is posted in "The Basics" section at our Internet site,

But not one major mainstream financial news organization has pursued the issue.

My recent experiences with The Wall Street Journal and Financial Times may illustrate the nature of mainstream financial news organizations today.

In April, when GATA was publicizing New York Fed President Dudley's evasion of the gold swap question, I wrote something in GATA's daily newsletter, the GATA Dispatch, denouncing the cowardice of the mainstream financial press. I sent this commentary to many financial journalists.

I received an indignant response from a reporter for The Wall Street Journal, Katy Burne, who identified herself as the Journal's reporter covering the New York Fed. I invited her to telephone me. When we spoke Burne insisted that she often puts critical questions to officials of the New York Fed, including Dudley himself. She said she was ready to put to them questions about gold. She asked me to send her GATA's documentation.

I agreed to do so but I cautioned her that I already had provided the documentation to two other reporters for the Journal at their request -- Kate Kelly in 2010 and Greg Zuckerman in 2011 -- and that the newspaper had done nothing with it. As I sent Burne the documentation, I told her I'd be delighted to provide more information, and since April I have updated her many times by e-mail.

But as usual the Journal has done nothing with the information. Mainstream financial news organizations continue to prohibit critical questions to central bankers, especially about gold, the control of gold being the secret knowledge of the financial universe.

Of course Burne may have tried briefly to pursue the gold issue with New York Fed President Dudley, only to be instructed against it by her superiors, or even by Dudley himself. Either way, I suspect that she is no longer so indignant about my criticism of her newspaper.

Two weeks ago an editor for the Financial Times, Dan McCrum, wrote a column asserting that there is no explanation for movements in the gold price except what he called "fashion":

McCrum's column was so outrageously mistaken and lazy that I wrote to him that there is indeed another explanation for movements in the gold price: surreptitious intervention by central banks. I sent him the summary of GATA's documentation and urged him to review it.

McCrum cordially replied: "Many thanks for your e-mail. Unfortunately, I feel it would be counter to the spirit of the column were I to write more on the subject of gold."

But what if the "spirit of the column" was wrong? What if the column failed to acknowledge and examine the evidence? What if the column misinformed readers? McCrum's column wasn't journalism; it was just propaganda and disinformation.

Ironically, we know from the State Department cables obtained by Wikileaks in 2011 that the government-controlled press in China has been full of reports about gold price suppression by Western governments. Those Chinese press reports were translated by the U.S. embassy in Beijing and cabled back to Washington. That is, China knows all about gold price suppression and the U.S. government knows that China knows:

This failure of Western journalism especially bothers me because I am one year short of 50 years in the newspaper business. I know that governments too often operate in secret and sometimes, facilitated by secrecy, will deceive and even do awful things. I know that, as it also is a human enterprise, journalism is imperfect too. But if journalism won't even try to hold government to account, what will?

As much as it disappoints me as an investor in the monetary metals, I can understand the mining industry's cowardice. As it is a natural resource business and the most capital-intensive business, the mining industry is almost entirely dependent on government and the biggest investment banks, which in turn are essentially government agencies themselves.

In contrast, journalism's calling is higher, and in the West its rights are far greater.

As for GATA's calling, we increasingly are regarded as bad for the monetary metals business. Ross Norman, CEO of the venerable London bullion brokerage firm Sharps Pixley, made this point about GATA in a cordial exchange with me the other day. GATA's complaints about manipulation of the monetary metals markets, Norman wrote, are discouraging investment.

Yes, as GATA Chairman Bill Murphy has noted, the more GATA has established that governments and central banks are rigging the monetary metals markets, the less popular GATA has become with people selling monetary metals products. While some people still dismiss GATA as a mere touter of the monetary metals, the organization warns investors of what they are up against even as we explain the potential consequences of the enormous naked short position in gold represented by the "paper gold" and gold derivatives that are underwritten by central banks. The logic of GATA's work is that the monetary metals are grossly undervalued, undervalued by hundreds of percent.

But if, as GATA has concluded, surreptitious intervention by governments and central banks, and not mere "fashion," is the primary determinant of the gold price, and if the objective of that intervention is generally suppressive, would we help gold and free markets more by remaining silent about the intervention? Given their surreptitiousness and unaccountability in the gold market, central banks themselves plainly have concluded that exposure would demolish their policy, maybe even demolish central banking itself, and help gold.

In this respect GATA agrees with central banks.

So GATA persists, figuring that if we can't easily make friends in the monetary metals industry, then we can aim for something else, fulfillment of the old maxim of the English common law, which, ennobled into Latin, goes: Fiat justitia et ruant coeli.

"Let justice be done though the heavens fall."

* * *

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

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

Help keep GATA going

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

To contribute to GATA, please visit:

Warning: NEW WORLD ORDER 2016 The Elites NWO Agenda is Nearly Complete!

Posted: 26 Oct 2016 04:00 PM PDT

 IMPORTANT NEWS Exposed! All American People Need to see this! Please share with urgency. This is very important to share! TV News is showing more proof! This is TV News! This is real facts. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

SHOCKING VIDEO: Veritas Sting Catches DNC In Criminal Activity

Posted: 26 Oct 2016 03:30 PM PDT

 The fourth installment by Project Veritas and James Okeefe shows just how desperate and criminal the Clinton campaign and the Democrat party is. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

Tim Rifat - A World Full of Satanic Darkness

Posted: 26 Oct 2016 03:00 PM PDT

Jeff Rense & Tim Rifat - A World Full of Satanic Darkness Tim Rifat - A World Full of Satanic Darkness The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

MARTIAL LAW Proof: Trains Transporting Military Vehicles Tanks to NY, CA and TX! (2016)

Posted: 26 Oct 2016 02:00 PM PDT

Here's one thing all y'all don't even wanna know... Is how much stuff has been moved out into the California Mojave Desert. I bet you they have that place out there packed ! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

Gold Daily and Silver Weekly Charts - Option Expiration for November - The God of the Market

Posted: 26 Oct 2016 01:30 PM PDT


Posted: 26 Oct 2016 12:30 PM PDT

 We Are Anonymous.We Are Legion.We Do Not Forgive.We Do Not Forget.United As One. Divided By Zero. Expect Us. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]


Posted: 26 Oct 2016 12:00 PM PDT

Economic collapse and financial crisis is rising any moment. Getting informed about collapse and crisis may earn you, or prevent to lose money. Do you want to be informed with Max Keiser, Alex Jones, Gerald Celente, Peter Schiff, Marc Faber, Ron Paul,Jim Willie,Paul Craig Roberts, and arguments...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

John Stossel - Audacity of the Elites

Posted: 26 Oct 2016 11:00 AM PDT

 Stossel looks at the arrogance of politicians determined to control, not represent, the people. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

This Is What Gold Does In A Currency Crisis, Brexit Edition

Posted: 26 Oct 2016 10:45 AM PDT

In June the UK shocked the world – or at least the world's elites – by voting to pull out of the European Union. Economists predicted disaster, EU leaders threatened pain for British exporters and tourists, and the media settled in to watch the UK shrivel and die. Four months later, the appropriate response is […]

The post This Is What Gold Does In A Currency Crisis, Brexit Edition appeared first on

Stefan Molyneux & Ann Coulter On The Eye Rolling & Snarkiness Of Liberals

Posted: 26 Oct 2016 10:30 AM PDT

 World's in a weird way atm. keep spreading truth Stefan! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

Anonymous #TrumpTheEstablishment

Posted: 26 Oct 2016 10:00 AM PDT

We Are Anonymous.We Are Legion.We Do Not Forgive.We Do Not Forget.United As One. Divided By Zero. Expect Us. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

This Could Lead to the Biggest Bubble Ever…

Posted: 26 Oct 2016 09:34 AM PDT

This post This Could Lead to the Biggest Bubble Ever… appeared first on Daily Reckoning.

Recently, two of the world's most influential central bankers sent a critical signal to investors…

Bank of England (BoE) governor Mark Carney and Federal Reserve Chair Janet Yellen both revealed their desire to let their respective economies "run hot."

They're going to allow inflation to go higher than usual as a trade-off for economic growth.

That means the central banks' long-standing 2% inflation target is effectively being tossed aside.

That spells bad news for workers, savers and consumers as rising inflation reduces the purchasing power of their earned and interest income. By design you're going to be squeezed in a vice grip.

But there's a silver lining…

Inflation's Winners and Losers

Central banks use short-term interest rates to control the rate of inflation.

In theory, keeping rates low increases demand for credit, helping boost economic activity and, therefore, inflation. And that's just what Carney and Yellen are trying to do.

They would both rather be too slow in raising interest rates than too fast.

Carney says he wants to err on the side of higher growth and inflation to help cushion the impact of Brexit.

Yellen claims she's trying to create a "high-pressure economy" to heal the damage caused by the Great Recession.

So what may happen to the major asset classes if this central bank scheme to abandon the 2% inflation target succeeds?

Well, that depends…

Let's start with stocks. Keeping rates pinned to the floor in order to get inflation no matter what could end up leading to the biggest bubble ever.

As for bonds, when consumer prices rise, the interest investors get from them is worth less in real purchasing power terms. That makes them less attractive, putting downward pressure on prices.

With regard to the dollar, inflation typically results in domestic currency devaluing.

On the flipside, a weak dollar means higher returns can be found overseas. That means higher returns in emerging markets.

As for commodities, they typically perform well because commodity prices track the inflation rate closely. And gold is viewed as a store of value and protection against uncertainty, so it's usually an especially strong commodity during high inflation.

Real estate also usually performs well as rising inflation puts upward pressure on home prices.

The bottom line is that returns in an inflationary environment can be all over the map.

Stocks, bonds and the dollar may suffer, while emerging markets, commodities (especially gold) and real estate may perform well.

But nothing is guaranteed.

Opportunity Knocks

The silver lining of inflation is that it will provide a ton of profit opportunities for trend followers.

As trend followers, we're not trying to guess what's going to happen to any of these asset classes should Yellen & Co. succeed in boosting inflation.

Our concern is that higher inflation acts as a major market catalyst that leads to significant price trends forming, whether up or down.

That's music to our ears…

Big, long price trends across a broad spectrum of asset classes are the perfect environment to deliver the outsized returns that trend following has become famous for.

So while most people will be crouched in fear trying to figure out how to deal with the haunting spectre of inflation hanging over their heads in the coming months, trend followers will be uttering three simple words: Bring it on.

Opportunity awaits us.

Please send your comments to me at Let me know what you think of today’s issue.


Michael Covel
for 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 This Could Lead to the Biggest Bubble Ever… appeared first on Daily Reckoning.


Posted: 26 Oct 2016 09:12 AM PDT

Is Vladimir Putin about to unleash bombshell satellite imagery that reveals the U.S. government's role in carrying out the 9/11 attacks as punishment for the White House's role in supporting Kiev and encircling Russia? The Financial Armageddon Economic Collapse Blog tracks trends and...

[[ This is a content summary only. Visit or for full links, other content, and more! ]]

Silver Prices in an Exponential Financial System

Posted: 26 Oct 2016 06:35 AM PDT

Our financial systems create exponential increases in: Debt Prices for stocks Prices for commodities Currency in circulation Prices for gold and silver

Breaking News And Best Of The Web

Posted: 26 Oct 2016 02:37 AM PDT

Deluge of earnings this week, with Apple starting things on a down note. The dollar is rising and so is inflation. Corporate debt and earnings becoming major near-term risks. China’s mortgage bubble is the biggest ever. US auto sales start to fall. Major cyber attack hits US east coast. Clinton way up in polls after […]

The post Breaking News And Best Of The Web appeared first on

Top Ten Videos — October 26

Posted: 25 Oct 2016 05:01 PM PDT

The Clintons are addicted to privilege, Russia and China are addicted to gold, and rednecks have a lot in common with African Americans…                       

The post Top Ten Videos — October 26 appeared first on

Broken Central Banks: 4 Quick Pix

Posted: 25 Oct 2016 07:57 AM PDT

The Western central bank franchise system is totally broken, totally insolvent, and totally corrupt. It invites the Gold Standard return. The entire financial system is built upon a debt-based monetary system. The debt saturation process has run its full course. The central bank heads have been covering the sovereign debt for the last five years, having rendered their balance sheets as ruined. Debt is at obscene levels, like $19.7 trillion for the USGovt. No debt limits are in place anymore, a signal that most likely it has already defaulted. A hidden game is underway, with control lost to the creditors, even as they attempt to salvage their debt holdings. The major central banks continue to manage badly the great game, where money is fake phony and a farce. A titanic battle is underway, where the Eastern nations are discarding their USTreasury Bonds, and doing so in tremendous volume while they set up the many platforms and pieces to the Gold Standard.

No comments:

Post a Comment