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Sunday, December 11, 2016

Gold World News Flash

Gold World News Flash

GoldSeek.com Radio: Bill Murphy and Bob Hoye, and your host Chris Waltzek

Posted: 11 Dec 2016 09:00 PM PST

Bill Murphy of GATA.org outlines the unfolding drama surrounding the gold / silver market rigging by Deutsche Bank. Company executives have offered details of their collaborators at competing financial institutions. Bob Hoye, editor and Chief investment strategist of Institutional Advisors brings decades of experience to the discussion. The new Administration is attempting to rebuild nation in the wake of the destructive NAFTA that decimated the job base.

JP Morgan et al Engineer Gold to a New Low Close

Posted: 11 Dec 2016 07:10 AM PST

Gold was sold lower by a bit starting an hour after trading began in New York at 6:00 p.m. on Thursday evening, with the Far East low tick coming around 10 a.m. China Standard Time on their Friday morning. It began to crawl higher starting around 1 p.m. over there, but was capped shortly before 10 a.m. in London. It was sold off pretty hard until precisely 1 p.m. GMT/8:00 a.m. EST -- and the subsequent very sharply rally met its ended at exactly 8:30 a.m. in New York.

Trump, Reagan economies at polar opposites

Posted: 11 Dec 2016 07:06 AM PST

Since election day, the markets have reacted as if the Trump administration were likely to be a re-run of the Reagan years. "Stocks and the dollar," reported Bloomberg recently, "have risen since the Nov. 8 presidential election on hopes that Trump's advocacy of big tax cuts, increased defense spending and deregulation will usher in another period of prosperity. The coming change will be a 'profound president-led ideological shift' akin to Reagan's, according to Bridgewater Associates founder Ray Dalio. Trump's advisers and the billionaire himself have embraced the comparison."

Market Insanity Reaches Record Highs As Investors Flock Into The Biggest Bubble In History

Posted: 11 Dec 2016 07:02 AM PST

Investors have forsaken all reason, logic and wisdom by rushing into the biggest stock and financial bubble in history. Even some precious metals investors are selling their gold and jumping into the markets hoping to make big profits as President Trump takes over the White house in six weeks. Unfortunately, the worst time to jump into a market is when everyone else is doing the same thing. Of course, this doesn't mean the Dow Jones Index won't continue higher for some time, but the fundamentals of the economy continue to rot from the inside out.

Silver price charts annotated with messages between market-rigging traders

Posted: 10 Dec 2016 08:13 PM PST

11:13p ET Saturday, December 10, 2016

Dear Friend of GATA and Gold:

Nick Laird of Gold Charts R Us has built charts of silver prices that link price movements with the messages between traders disclosed this week in the anti-trust lawsuit against the investment banks accused of rigging the market. The annotated charts can be viewed at Laird's internet site here:

http://www.goldchartsrus.com/chartstemp/MarketManipulation.php

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


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Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...


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

Nate Silver "Calculates" Hillary Would Win If Not For Comey, Russia As Democrats Come Swinging

Posted: 10 Dec 2016 05:48 PM PST

In the immediate aftermath of last night's WaPo article revealing a "secret" CIA assessment according to which Russia (without a shred of evidence) helped Trump win the election, we explained - in five points - how this was nothing short of a "soft coup" attempt by leaders of the US Intel community and Obama administration to influence the Electoral College vote. To wit:

  1. Announce "consensus" (not unanimous) "conclusion" based in circumstantial evidence now, before the Electoral College vote, then write a report with actual details due by Jan 20.
  2. Put a proven liar in charge of writing the report on Russian hacking.
  3. Fail to mention that not one of the leaked DNC or Podesta emails has been shown to be inauthentic. So the supposed Russian hacking simply revealed truth about Hillary, DNC, and MSM collusion and corruption.
  4. Fail to mention that if hacking was done by or for US government to stop Hillary, blaming the Russians would be the most likely disinformation used by US agencies.
  5. Expect every pro-Hillary lapdog journalist - which is virtually all of them - in America will hyperventilate about this latest fact-free, anti-Trump political stunt for the next nine days.

Shortly thereafter, the prominent beacon of liberal thought, Paul Krugman, confirmed that this agenda was quickly taking shape when he tweeted that "we'll have a president who lost the pop vote by 2.1%, got in thanks to FBI and Putin. And supporters will demand respect. Um, no."

He continued: "Also note CIA held findings until after election; FBI splashed its story -- which turned out to be LITERALLY nothing -- 10 days before", and concluded furiously that "The big problem, for me at least, it how to keep the rage on a simmer, rather than boiling over. The path to justice will be long 9:24 AM - 10 Dec 2016."

That was the initial salvo. It was to be followed promptly by many other liberal voices who have not only concluded that if it not for Russia, Trump would not win, but that without the involvement of FBI director Comey and Vladimir Putin, Hillary would have won the key swing states, and thus the presidency. Case in point, statistician Nate Silver who, together with all other experts, called the election drastically wrong, and is now seeking scapegoats. He appears to have found them.

And so, with Krugman laying out the ideological strawman, and "statistical genius" Nate Silver validating the fabricated strawman by calculating the odds of Hillary's victory if it wasn't for the FBI and evil Russian government hackers, the Democrats have come out swinging, with another liberal commentator, Keith Olberman, laying out the party line that "Priority now is preventing swearing in of Trump (R-Russia). From 9/28: "Is @realDonaldTrump Loyal To This Country?"...

 

...followed the the punchline: getting the Electoral College to "realize" that Clinton would be the winner, if only the unproven intervention of Putin (and his lapdog, FBI diretor Comey) had not happened.

From Politico:

A Democratic congressman is suggesting that members of the Electoral College should be able to consider Russian interference in the presidential election — and whether it influenced the outcome — when deciding how to cast their vote.

 

Cicilline appears to be the first member of Congress and the highest-ranking elected official in the country to endorse the notion that electors aren't simply rubber stamps for their states' popular vote. Earlier Saturday, he retweeted a Rhode Island-based national security expert who argued that the intelligence community "must brief electoral college about Russia before vote."

 

"To the extent that foreign interference in the United States presidential elections may have influenced the final result, I believe the electors have the right to consider that," Rep. David Cicilline (D-R.I.) said in a statement to POLITICO on Saturday.

 

Cicilline's comments come amid the explosive determination by the U.S. intelligence community that Russia interfered in the presidential election in support of Donald Trump. Trump's transition team has forcefully denied the conclusion.

 

"EC exists to protect republic from candidate under foreign influence," the expert, Salve Regina University researcher Jim Ludes, wrote.

 

Cicilline stopped short of endorsing that sentiment in his statement to POLITICO. But in a second tweet on Saturday, he urged the White House to publicize information surrounding the CIA's assessment that Russia intervened in the election to help Trump. "Before the Electoral College votes," he added.

If Trump isn't profusely nervous at this very moment - when everyone from the Obama administration, to US intel, to every living, breathing liberal, to the "unbiased" press - will be screaming that Trump should not get the Dec. 19 EC vote and effectively engaging in a "soft coup", then he is not paying attention.

Officials Admit Radioactive Fish Off U.S. West Coast Have "Disturbing Fingerprint Of Fukushima"

Posted: 10 Dec 2016 05:15 PM PST

Submitted by Mac Slavo via SHTFPlan.com,

The entire Pacific Coast of the United States, Canada and Mexico has been contaminated with radioactive particles from Fukushima.

And finally, it is being officially acknowledged. This is really happening…

It is a stark reminder that the effects from Fukushima radiation continually spilling into the ocean have not been abated. The site continues to leak highly toxic radioactive material to this day. Nothing has stopped.

via the Associated Press / CBS News:

“Radiation from Japan’s Fukushima nuclear disaster detected on Oregon shores”

 

• • • • •

 

Seaborne radiation from Japan’s Fukushima nuclear disaster has been detected on Oregon shores, researchers say.

 

Seawater samples from Tillamook Bay and Gold Beach indicate radiation from the nuclear disaster but at extremely low levels not harmful to humans or the environment.

Of course, they claim that it is “safe” because the levels are low. USA Today emphasized the ridiculously minuscule dose of radiation that say, a swimmer would get at the beach – while admitted for the first time that those warning about the spreading radiation were, in fact, correct. exposure:

“Should we be worried about Fukushima radiation?”

 

• • • • •

 

The levels are very low and shouldn’t harm people eating fish from the West Coast or swimming in the ocean, according to Ken Buesseler, a senior scientist at Woods Hole Oceanographic Institution.

 

[…]

 

Cesium-134, the so-called fingerprint of Fukushima, was measured in seawater samples taken from Tillamook Bay and Gold Beach in Oregon, according to researchers from the Woods Hole Oceanographic Institution.

Of course, the idea that radiation was reaching California and the West Coast, and that fish were being contaminated by Fukushima radiation from thousands of miles across the Pacific was considered – yep – “fake news” at the time. The alarmist cries of conspiracy theorists and hypochondriacs were just non-sense, jibberish, delusions and paranoia. Typical hyperbolic non-sense from people caught up in an echo chamber.

But now, it is an admitted fact that Fukushima radiation is impacting U.S. shores.

Sorry to ignore and deride your claims, above group of deplorables. Turns out you were right, or at least on to something.

The source in this story, as well as most of the other “big” stories on Fukushima over the past several years, is Ken Buesseler, from the Woods Hole Oceanographic Institution in Massachusetts.

He has been a consistent and authoritative voice on Fukushima, sharply criticizing the government role in ignoring the problem, and shedding light on the vast ripple that the nuclear disaster has caused in the biggest of ponds.

Regardless, the linear thinking about “low levels” ignore the mounting scientific evidence about cumulative exposure to radioactive isotopes and other toxins and free radicals.

What’s interesting is how much different the same Ken Buesseler is portrayed in different mainstream media accounts… where sometimes only half of the message gets through.

While the The New Yorker pointed out the complexity of dealing with long-term health issues that could be connected to radiation, via Ken Beusseler’s comments from 2015:

“Is Radioactive Water Worth Worrying About?”

 

...

 

Whether any of this actually matters depends on whom you ask. “There’s a nuclear-power side that’s very quick to be dismissive and say, ‘Don’t worry your pretty little heads, you’re not in harm’s way,’ “ Ken Buesseler, a marine-chemistry researcher at Woods Hole and the organizer of the sampling initiative, told me. “The flip side are the people screaming, you know, ‘Stay out of the Pacific, don’t swim in Monterey, I’m going to move, tell your friends, this is a catastrophe!’ “ At the levels detected in Ucluelet, Buesseler has calculated, you’d need to swim six hours a day for a thousand years to get the radiation equivalent of a dental X-ray.

 

The full impact of nuclear fallout, however, depends on more than becquerels, which merely count the number of times per second that an unstable atom somewhere in the sample fires off a particle. These particles, and the differing amounts of energy with which they are ejected, have a wide range of effects on the body. We process cesium like an electrolyte, which means that it is diffused throughout the body and eventually excreted in urine. Half of the amount that is ingested is lost within a few months, which limits exposure.

 

By contrast, strontium-90, another common component of nuclear waste, is a calcium-like “bone seeker” that becomes concentrated in the skeleton and teeth. Since it stays there for years rather than months, even relatively low doses increase the risk of conditions such as bone cancer and leukemia. From a human health perspective, Buesseler sees a potential strontium leak as far more worrying than a little cesium.

So, as far as nuclear waste goes, cesium-134 is not as bad as strontium-90, but that doesn’t mean there are no harmful effects, and it doesn’t mean that strontium isotopes aren’t affecting the Pacific and West Coast as well – because it has been detected there, and more can be expected to be found:

screen-shot-2016-12-09-at-8-17-09-pm

The biomagnification of the food chain – as low levels of radiation build up in lower life forms and in turn become consumed (and often concentrated) by higher life forms – will increase human exposure in ways that simple measures for exposure time simply do not account for. Its effects will be masked, but not impotent.

What happens to man and the environment when he is exposed to low levels of radiation over the decades and many years that make up his life? What about its impact on DNA through epigenetics? science now knows that gene expression is changed when it is exposed to dangerous materials in the body.

When blue fin tuna that migrate from Japan to the West Coast were found to contain radioactive particles, again, via Ken Buesseler, the mainstream media downplayed the risks, while alternative media sources sounded the alarm – something that shouldn’t be happening is:

screen-shot-2016-12-09-at-7-24-53-pm

While the facts in the report remain the same, Forbes, among other mainstream outlets, downplayed the perception of the problem, and essentially giving credence to that idea that there isn’t a problem at all:

screen-shot-2016-12-09-at-7-25-42-pm

Forbes even published this misleading ‘appeal to conservation’:

screen-shot-2016-12-09-at-8-34-10-pm

And don’t forget Ann Coulter’s claim that radiation is good for you, too.

It wasn’t until 2016 – a full five years after the meltdown – that Japanese officials, and in turn outlets like CBS News, admitted that there was indeed a cover-up, and a concerted effort not to use ‘branding’ and ‘perception’ words like “meltdown”… even though one was underway:

screen-shot-2016-12-09-at-8-36-04-pm

 

Latent diseases and disorders have a way of subtly cropping up, creating a silent genocide of worn down people suffering from chronic disease and inflammation that gives way to cancers, heart and brain diseases, autoimmune disorders and the like.

That is the biggest risk that Fukushima still poses today.

Ignored since just after it happened in 2011, the authorities have FINALLY officially acknowledged what they dared not admit since the cover-up began in the wake of the earthquake and tsunami that crippled the nuclear power plant and began the long, slow poisoning of the Pacific Ocean, and all the life that is sustained from it.

This is a horror, and the mainstream media as it is, with your interests above all others, has assured you that this ongoing disaster is, nonetheless, perfectly safe. Everything is fine, back to your regularly scheduled program….

screen-shot-2016-12-09-at-8-35-42-pm

 

SHOCKING - Leaked Pentagon Video Reveals VACCINE To ALTER GENETICS In "RELIGIOUS FANATICS"

Posted: 10 Dec 2016 03:00 PM PST

Still don't believe ingredients are put into vaccines that are not only not helpful to humans, but that actually harm or alter human DNA? Watch the leaked Pentagon video below  The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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Anonymous - Message to Corrupt Media and the World

Posted: 10 Dec 2016 02:30 PM PST

 Message to the Corrupt Media and the Citizens of the World We 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 ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Donald Trump Destroys CNN FAKE NEWS!!!

Posted: 10 Dec 2016 01:30 PM PST

Nice. Donald Trump took down CNN's latest attempt at "Fake News" and baseless Trump bashing. In 2 tweets, Donald Trump leveled 'em. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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You Can Change The World !

Posted: 10 Dec 2016 01:00 PM PST

This Video Will Blow Your Mind """ You Can Change The World ! "" 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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Nigel Farage: The EU is dying before our very eyes

Posted: 10 Dec 2016 12:30 PM PST

 Former UK Independence Party Leader Nigel Farage discusses three political events in Europe that can affect the U.S. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://bobchapman.blogspot.com for full links, other content, and more! ]]

Mike Kosares: Trump, Reagan economies at polar opposites

Posted: 10 Dec 2016 12:22 PM PST

3:20p ET Saturday, December 10, 2016

Dear Friend of GATA and Gold:

President-elect Donald Trump's economic philosophy may resemble that of President Ronald Reagan, USAGold's Mike Kosares writes today, but the economic circumstances awaiting Trump are the opposite of those that awaited Reagan. Kosares writes that Reagan took office just after an explosion of inflation, while Trump is taking office amid a deflationary scare. Kosares' analysis is headlined "Trump, Reagan Economies at Polar Opposites" and it's posted at USAGold here:

http://www.usagold.com/publications/NewsViewsDEC2016SpecRpt.html

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


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Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon

Company Announcement
Monday, November 21, 2016

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:

-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.

-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.

-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.

-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...

... For the remainder of the announcement:

http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf


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

Italian Banks in deep trouble

Posted: 10 Dec 2016 12:00 PM PST

The Italian job: In the grip of economic uncertainty - Counting the Cost Will Italy's political and economic problems develop into a new test for the future stability of the eurozone? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries...

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10 Greatest Conspiracies Of All Time

Posted: 10 Dec 2016 10:30 AM PST

 ONLY 15% of US population realize that 911 was a false flag attack? ...facepalm.... So obvious things! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and...

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The 60 Minutes Interview George Soros Tried To Bury Economic Collapse

Posted: 10 Dec 2016 10:00 AM PST

WE FOUND IT The 60 Minutes Interview George Soros Tried To Bury Economic Collapse 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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The Truth about the US DOLLAR 2016 after elections

Posted: 10 Dec 2016 09:41 AM PST

 Bilderberg exposes the NWO! The truth about the US DOLLAR 2016 after elections  NEW WORLD ORDER 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 power of...

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Gold Fools, US Dollar Bulls and The Long Term Outlook for Both Markets

Posted: 10 Dec 2016 08:22 AM PST

"If pleasures are greatest in anticipation, just remember that this is also true of trouble." ~ Elbert Hubbard Many experts penned numerous articles this year proclaiming that the Gold market was ready to take off and that 2016 would be the year that the Gold bull resumed its upward trend. They spoke of our high debt, a weak economy and listed a plethora of reasons as to why Gold was ready to soar. Needlessly to say, their fear mongering proved to be fruitless for instead of taking off, Gold nose dived. Early in the year we stated that we did not expect much from Gold this year; we wrote several articles but will highlight points from one of them as it adequately sums our overall theme for 2016.

The Approaching Winter: The Super-Cycle Has Turned

Posted: 10 Dec 2016 08:00 AM PST

This post The Approaching Winter: The Super-Cycle Has Turned appeared first on Daily Reckoning.

How would you describe the social mood of the nation and world?

Would anti-Establishment, anti-status quo, and anti-globalization be a good start? How about choking on fast-rising debt? Would stagnant growth, stagnant wages be a fair description? Or how about rising wealth/income inequality? Wouldn’t rising disunity and political polarization be accurate?

These are all characteristics of the long-wave social-economic cycle that is entering the disintegrative (winter) phase. Souring social mood, loss of purchasing power, stagnating wages, rising inequality, devaluing currencies, rising debt, political polarization and elite disunity are all manifestations of this phase.

There is a template for global instability, one that has been repeated throughout history…

Historian Peter Turchin explores the historical cycles of social disintegration and integration in his new book Ages of Discord.

Turchin finds 25-year cycles that combine into roughly 50-year cycles. These 50-year cycles are part of longer 150 to 200-year cycles that move from cooperation through an age of discord and disintegration to a new era of cooperation.

That we have entered an era of rising instability and uncertainty is self-evident. There will always be areas of instability in any era, but instability and uncertainty are now the norm globally.

Turchin’s model identifies three primary forces in these cycles:

  1. An over-supply of labor that suppresses real (inflation-adjusted) wages
  2. An overproduction of essentially parasitic Elites
  3. A deterioration in central state finances (over-indebtedness, decline in tax revenues, increase in state dependents, fiscal burdens of war, etc.)

These combine to influence the broader social mood, which is characterized in eras of discord by fragmented loyalty to self-serving special interests (disintegration) and in eras of cooperation by a desire and willingness to cooperate and compromise for the good of the entire society (integration).

Rising discord can be quantified in a Political Stress Index. Do we find evidence of Turchin’s disintegrative forces in the present era?

  1. Stagnating real wages due to oversupply of labor: check.
  2. Overproduction of parasitic Elites: check.
  3. Deterioration in central state finances: check.

Is it any wonder that political stress, however you want to measure it, is rising?

Cycles are the result of the interaction of complex dynamics, and so they are not entirely predictable in terms of pinpointing the exact moment of crisis or the outcome of a systemic crisis.

These long cycles parallel the cyclical analysis of David Hackett Fischer, whose masterwork The Great Wave: Price Revolutions and the Rhythm of History.

In Fischer’s well-documented view, there is a grand cycle of prices and wages which turn on the simple but profound law of supply and demand; all else is detail.

As a people prosper and multiply, the demand for goods like food and energy outstrips supply, causing eras of rising prices.

Long periods of stable prices (supply increases along with demand) beget rising wages and widespread prosperity. Once population and financial demand outstrip supply of food and energy — a situation often triggered by a series of catastrophically poor harvests — then the stability decays into instability as shortages develop and prices spike.

These junctures of great poverty, insecurity and unrest set the stage for wars, revolutions and pandemics.

It is remarkable that the very conditions so troubling us now were also present in the price rises of the 13th, 16th and 18th centuries.

Unfortunately, those cycles did not have Disney endings: the turmoil of the 13th century brought war and a series of plagues which killed 40% of Europe’s population; the 16th century’s era of rising prices tilled fertile ground for war, and the 18th century’s violent revolutions and resultant wars can be traced directly to the unrest caused by spiking prices.

(The very day that prices for bread reached their peak in Paris, an angry mob tore down the Bastille prison, launching the French Revolution.)

After a gloriously long run of stable prices in the 19th century — prices were essentially unchanged in Britain between 1820 and 1900 —the 20th century was one of steadily increasing prices.

Fischer challenges the notion that all inflation is monetary; the supply of money (gold and silver) rose spectacularly in the 19th century but prices barely budged. In a similar fashion, eras of rising prices have seen stable money supplies.

Monetary inflation can lead to hyper-inflation, of course, but there are always mitigating factors in those circumstances. Fischer argues the long wave is not one of hyper-inflation but of supply and demand imbalances undoing the social order.

Americans are inherently suspicious of anything which seems to threaten constraint of the American Dream; thus it is not surprising that cycles of history are largely unknown in the U.S. As Fischer explains:

This collective amnesia is partly the consequence of an attitude widely shared among decision-makers in America, that history is more or less irrelevant to the urgent problems before them.

Fischer notes that he describes not cycles but waves, which are more variable and less predictable. In response to this great rise in prices of essentials, both commoners and governments debased the currency.

In old days, this meant shaving the edges of coins, or debasing new coins with non-precious metals. The debasement was an attempt to increase money to counteract the rise in prices, but it failed (of course). Every few decades, a new undebased coinage was released, and then the cycle of debasement began anew.

Just as insidiously, wages fell:

But as inflation continued in the mid-13th century, money wages began to lag behind. By the late 13th and early 14th centuries real wages were dropping at a rapid rate. This growing gap between returns to labor and capital was typical of price-revolutions in modern history. So also was its social result: a rapid growth of inequality that appeared in the late stages of every long inflation.

And what happened to government expenditures? It’s deja vu all over again — deficits:

Yet another set of cultural responses to inflation created disparities of a different kind: fiscal imbalances between public income and expenditures. Governments fell deep into debt during the middle and later years of the 13th century.

Crime and illegitimacy also rose. Fischer summarizes the end-game of the price-rise wave thusly:

In the late 13th century, the medieval price-revolution entered another stage, marked by growing instability. Prices rose and fell in wild swings of increasing amplitude. Inequality increased at a rapid rate. Public deficits surged ever higher. The economy of Western Europe became dangerously vulnerable to stresses it might have managed more easily in other eras.

And there you have our future, visible in the 13th, 16th and 18th century price-revolution waves which preceded ours.

It is hubris in the extreme to think we have somehow morphed into some new kind of humanity far different from those people who tore down the Bastille in a great frustrated rage at prices for energy and bread they could no longer afford.

It is foolish to blame “speculators” for the rise in food and energy, when the human population has doubled in 40 years and the consumption of energy and food has exploded as a result.

Based on the history painstakingly assembled by Fischer and Turchin we can thus anticipate:

— Ever higher prices for food, energy and water.

— Ever larger government deficits which end in bankruptcy/repudiation of debts/new issue of currency.

— Rising property/violent crime and illegitimacy.

— Rising interest rates (until very recently this was considered “impossible”).

— Rising income inequality in favor of capital over labor.

— Continued debasement of the currency.

— Rising volatility of prices.

— Rising political unrest and turmoil (see “Revolution”).

And there you have our future, visible in the 13th, 16th and 18th century price-revolution waves which preceded ours.

With this list of manifestations in hand, we can practically write the headlines for 2017-2025 in advance.

Regards,

Charles Hugh Smith
for The Daily Reckoning

The post The Approaching Winter: The Super-Cycle Has Turned appeared first on Daily Reckoning.

Gold Fools, Dollar Bulls and The Long Ter...

Posted: 10 Dec 2016 07:53 AM PST

SafeHaven

Deutsche Bank's 'smoking gun' evidence cited in bid to expand U.S. silver rigging case

Posted: 10 Dec 2016 06:50 AM PST

By Nate Raymond
Reuters
Thursday, December 8, 2016

Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank following a settlement.

In papers filed in Manhattan federal court on Wednesday, the lawyers sought to revive previously-dismissed claims against UBS and add Barclays, BNP Paribas, Standard Chartered, and Bank of America as defendants.

The newly cited evidence was produced by Deutsche Bank after it reached a $38 million settlement in the case earlier this year. The plaintiffs said the evidence showed the new defendants engaged in collusive price manipulation.

UBS said in a statement that it believed the plaintiffs' claims had "no merit." Representatives for the other banks either declined to comment or did not respond to requests for comment.

In their proposed revised complaint, the investors claim Deutsche Bank, HSBC Holdings, Bank of Nova Scotia, and others rigged prices of silver and silver financial instruments through a secret daily meeting called the Silver Fix.

The plaintiffs, who are seeking court permission to file the revised complaint, said more than 350,000 pages of documents and 75 audio tapes that Deutsche Bank produced, including electronic chats involving silver traders, backed up their claims. ...

... For the remainder of the report:

http://www.reuters.com/article/silver-lawsuit-idUSL1N1E316D


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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...


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Gold and Silver, Just the Facts Man

Posted: 10 Dec 2016 02:36 AM PST

This first precious metals combo chart is one I try to show you at least twice a week so you can follow the price action as it’s unfolding in real time. Except for SLV the other indexes have now traded below their respective neckline for five weeks now. If you look at the sidebar you can see which sectors are doing the best and which ones are weakest. As you can see GLD has been by far the weakest of the four while SLV has been the strongest. To negate these H&S tops we would need to see the price action close back above the necklines. The necklines are your lines in the sand, above is bullish and below is negative.

Breaking News And Best Of The Web

Posted: 10 Dec 2016 01:37 AM PST

US stocks hit new record, Treasury bond yields jump again. European Central Bank maintains QE, the euro plunges, euro-bond yields rise. Italian government forced to bail out major bank. Gold falls further; today’s COT report expected to show bullish changes.   Best Of The Web The soon to erupt euro experiment – MATA SII Our […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.
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