Friday, December 30, 2016

Gold World News Flash

Gold World News Flash


2017 May Go Dark, Prepare During The Calm: "A Storm is Coming"

Posted: 29 Dec 2016 11:00 PM PST

One can almost sense that unforeseen events could bring chaos to America, warns SHTFPlan.com's Mac Slavo...

Debts and economic catastrophes could play out, terrorism could strike, wars could spark to life, disaster may hit, and much more. While many have been optimistic about the promises of a new president, and a brighter spot for the free market, global affairs are complicated, and often bite from both ends. With Trump, no one really knows what to expect, and regardless, one man cannot steer all world events in his direction.

 

 

There are indeed rocky times ahead, and 2017 could be the year that goes dark. Prepare during this calm before the storm.

A Storm is Coming: Preppers Must Stay Vigilant in 2017

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)) via ReadyNutrition.com,

While many believe the shift in government leaders in 2017 will bring us back to better times, one can never be too sure. As my father always said, “Don’t put all your eggs in one basket.” These are still uncertain times, and as Jeremiah Johnson emphasizes in this article – with that uncertainty, we must continue to be ever vigilant in our preparedness endeavors.

ReadyNutrition Fans, this piece is an important exhortation to you – a sort of plea, if you will – to not lose your focus in preparations and your readiness-stance during these times.  With the Dow-Jones Industrial skyrocketing, the Christmas Holidays in full gear, Donald J. Trump about to be inaugurated, and the glow of a new patriotic dawn, everything seems OK, right?  Wrong.  This is not alarmist, but pragmatic.  We cannot allow a burst of patriotic positive fervor to dull the perception of the last 8 years.

Losing our focus is what allowed those 8 years in the first place.

The Unemployment Rate

The welcoming of a new President brings renewed hope in our government system; however, there is a lot of road to travel before the country is fixed. While many preppers feel relieved and are slowing their preparedness endeavors down, many preparedness experts are stressing the importance of not giving up. As preppers, we must keep an eye on indicators like the economy and unemployment. Bear in mind that unemployment is deliberately under-reported.  The economy is in bad shape.  Everyone is focusing on the happy times of Christmas cheer and family festivities.  I adjure to your intellects: do not relent in your focus or your activities to prepare for what is still around the corner.

They’re not celebrating festive, happy shopper days in Venezuela, where women are cutting off their own hair and selling it just to buy loaves of bread, or where a whole shopping bag full of Venezuelan Bolivars will not even buy a few days’ worth of essential supplies.

The Economy

The economy of the United States will take quite some time to recover.  You can continue in the true economy that you have started: the acquisition of supplies, materials, and resources that always hold their worth and have an intrinsic value.  Gold, silver, and precious metals…in physical form…these have worth and lasting, intrinsic value.  For an excellent analysis of just where the United States is economically, I highly recommend an article written by Shaun Bradley on December 8, 2016 entitled Cash is No Longer King: The Phasing Out of Physical Money Has Begun,” and downloadable for your files.

Another article worth mentioning was written by Susan Duclos of All News Pipeline, entitled We are Facing the Most Important Battle of All at the Most Dangerous Moment in History,” released on December 10, 2016.  Here is an excerpt from that article:

We at ANP are noting a lot of optimism from investors with stocks soaring,  to economic confidence reaching new highs, to small business owners, to household spending and even prepping has hit a “multi-year low,” all the articles I am reading are crediting the election of Donald Trump as reason for all this optimism, but as much as I hate to rain on everyone’s parade… now is the most dangerous time in history, not a time to assume just because one man was elected, all the wrongs will be made right, the failing economy will automatically just magically fix itself.”

These timely and sagacious words show that the battle is not over yet.  In this vein, do not lose focus!  Don’t allow the holiday cheer and festive atmosphere to leave you blindsided and thinking that the battle is over!  Other blogsites have reported that sales of emergency equipment and supplies have been drastically on the decline since the election was finished.  Remember: North Korea, Russia, and China still pose a viable threat in several areas of the world, the world economy is quite bad, and the U.S. has by no means recovered from the nightmare of two consecutive Obama terms.

Stay the Course for 2017!

Stay focused.  Gear your shopping and holiday activities to always take a back seat to awareness of the overall situation.  Stock up on your precious metals and long-term food supplies and water procurement capabilities.  Continue to locate and obtain the tools, medicines, and equipment you and your family will need.  Just because the “Captains” are about to change does not mean that the ship will change its course…the one taking it toward a wreck on the reefs.  Don’t let that reef loom up and blindside you to take you unawares.  Enjoy your holidays, but do so with one eye on the festivities and another one on the horizon…aware of what is going on around you.  Do not stop the preparations for even one minute.  Happy holidays, and keep up that good fight!  JJ out!

So Many Questions...

Posted: 29 Dec 2016 10:13 PM PST

By Chris at www.CapitalistExploits.at

There are two things I've not done in a while.

The first of them is to answer some of the questions that come pouring in. My apologies to all those unanswered - lack of response due to volume, not bad manners.

Hey Chris,

 

would you mind if I too throw a question at you?

 

I'm thinking about this for a while now, but never went ahead and actually asked anyone, so here we go: how do you learn all this stuff?

 

I mean, I don't have a finance background. I studied philosophy and political science at university, so I'm used to thinking about stuff (from the former, PolSci was mostly BS).

 

Later this month I'll turn 28. I work for myself as basically a web developer in the insurance sector and have put away money for a while now. I took notes whenever I saw stuff in the markets for the last two or three years and would've been right often enough, but never trusted my judgement and only really invested twice (once in a friend's company, once in some Mongolian companies just before they went down 90% around 2014).

 

When a friend introduced me to some people in Mongolia a few years ago and I started consulting in the financial services sector there I asked him if there's anything I should read to fix my lack knowledge of in finance, but he replied that it was mostly just common sense. I've also talked to your friend Kuppy a few times when I was in UB and got a similar impression: that it was just about thinking stuff through.

 

On the other hand, there's shitloads of numbers and terms and metrics I don't know. Most of them are probably irrelevant, but I guess some of them are important I don't yet know which is which. And you guys do have analysts, right?

 

When this year I told my aforementioned friend that I wanted to get a CFA to understand the lingo, he told me that all stuff didn't matter anymore and I think I remember reading something similar in one of your emails a few months ago.

 

So I'm wondering, how would you go about learning this stuff?

 

For me, the obvious thing is thinking stuff through, reading financial history, keep earning money from work, slowly migrate it into making money from money through small trial and error steps. I'm wondering though whether I'm missing the quant part. And at the same time I'm worried of getting myself into the sway of dumb non-functioning economic theories and missing the stuff that's of real importance if I were to focus on the quant part.

 

I'm curious to hear your thoughts.

 

- D

Answer:

Let's start with what a friend and business partner loves to say: What equation are you trying to solve?

I'm going to suggest it's the following: You're wanting to know how to evaluate things in order to be comfortable with your investment decisions. Sound fair?

It's one problem with our education system. It doesn't teach us how to think, how to critically examine and question, test and retest in order to find the truth.

Kuppy is right when he says just think stuff through. So let's take two real world examples which come to mind.

Example 1:

I was just having a discussion with an associate about my belief that we've seen the top of the bond market and I think rates are going higher (something I've written a lot about). My friend's in private equity and we had the discussion which he'd not thought about.

Let's say you're an asset manager with a few billion to allocate. What happens to your base case assumptions on asset allocation in a rising rate environment? Well, private equity, which is nuts at the moment anyway, has been competing against fixed income. Easy! How hard is it to beat zero?

So take away some of the zero and on a relative basis you get capital shifting. This doesn't require you to understand Black-Scholes pricing, risk parity, foreign exchange flows, or any other "financial" knowledge. Think stuff through and take it beyond first level thinking. Do it lots, do it regularly, and you start training your brain. It's just a muscle, after all.

Example 2:

I'm trying to make sure my kids aren't completely ignorant. The other day we were at a mall, and I bought them an ice cream in a food hall. Their purpose was to eat an ice cream and mine to get them to think. So there were a dozen food outlets. I asked them to tell me which one they'd buy and why.

The responses were typical from a 10 and 11-year old. They picked their favourite foods. I told them to pick the one that will make them the most money. So how do you figure that out?

Basic math and metrics. Shop size (some are bigger than others). Those with larger footprint have higher lease costs but potentially more traffic. So I told them to spend a few minutes and tell me which one is getting the most traffic. Easy: It was McDonald's.

Next question. Who's second? Easy. Sushi place.

Then a trickier question. I told them to tell me which one is getting the most traffic relative to size. Done. Sushi place. After doing some napkin math with them and making it easy at 50% size difference (it wasn't but this was teaching them how to evaluate the world and think).

Next: What's the average dollar spend at the sushi shop and what's the average dollar spend at McDonald's? So they had to do some math, a bunch of guessing, and so on. They guessed the average dollar spend at McDonald's was about $12 and about $18 at Sushi.

Back to size of shop. Sushi shop is about half the footprint so probably half the lease costs.

Staffing was only 2 at Sushi shop and about 8 at McDonald's (as far as we could tell). That's the biggest cost (labour). So McDonald's has about a double on lease costs and a 4x on labour costs, and the average dollar spend is $12 compared to Sushi place at $18.

Our guesstimates where that McDonald's runs about 30% more traffic so we can level the playing field by saying that Sushi place gross dollar spend isn't $18 but 30% less (due to 30% less traffic) so this is $12.60. Easy. Now factoring in half the lease costs and a quarter labour costs my kids quickly figured out that they'd buy Sushi place.

Sitting there doing my own math on it, if you put a gun at my head and told me to buy one I'd buy Sushi place and I reckon I'd be correct, and that's without ever touching their financial statements.

Now, obviously you wouldn't go out and buy Sushi place based on these variables and based on sitting and eating an ice cream for 10 minutes at a food hall. That would be sillier than blindly buying a low volatility ETF right now but when you do this regularly, fast, and repeatedly (I have trouble not doing it - just a defect, I guess), then you'll find you're pretty good at quickly rapidly analysing the world around you.

Hi there

 

Thanks for all the great content. I was just wondering if you knew of any great books etc that really explain the global financial system/geopolitics in depth that you have come across or would recommend?

 

I'm fascinated by all this stuff now but I'm finding that because I lack some of the basic understanding, I'm unable to distinguish between "doom porn merchants/permabears" etc and intelligent analysis (I don't doubt that you're the latter btw lol).

 

Thanks in advance, will continue to listen/read and have introduced a few friends to your work.

 

All the best, Rob. (London, UK)

Answer:

I used to read a ton of financial books in my twenties but not much anymore. I tend to read about science, history, and philosophy more now.

I'd recommend any of Soros' books, not because I like the guy (or even agree with some of his thinking) but he has a very different and extremely valuable way of assessing risk and understanding market dynamics.

I honestly hesitate to suggest books because I feel like you can gain something from most any of them but the critical components are making sure you think for yourself as mentioned in the answer to the previous question above. Otherwise you're just left taking in information and believing it no matter how poor it may be.

For example, I'd suggest reading work by that pillar of stupidity, Paul Krugman. Why? Because understanding how he and many of his ilk think is valuable but not because it's sound reasoning. I mean, I'm all for immortalising Paul Krugman. Make a statue out of him, if only so the the pigeons can poop on him for eternity.

The second part of the question is around distinguishing wheat from chaff.

Ok, so this question I get all the time.

Do your due diligence. Most of the stuff you're referring to will be one of the publishing sites which use "professional" marketing firms to write copy and then flog something based around hype. Just go look for previous marketing they've done and then see whether any of it worked out.

It's pretty easy to spot.

If you're being told that "there is some catastrophic event that is coming on X date and go here to learn how to protect yourself." Or that some "secret" meeting in a dark room with an "un-named man" has just been revealed and riches/catastrophe await. Or some special code designed in a bunker in World War II that has now revealed the most incredible information and you, some unknown dude on the internet, get to find out.

Because if you did find something that was truly going to make you a billionaire that's the first thing you'd do, right?

I mean you wouldn't tell your loved ones and set yourself up. No, you'd immediately set up a website and hire a bunch of marketing copywriters and you'd spam people about it. That's what you'd do. For sure!

You get the picture. Any variation of that theme and you're about 99% probability it's full of nonsense.

Here is the thing: Information is actually free. What's valuable isn't information per se, it's knowing how to synthesise that information and execute on it. I know that sounds boring because everyone wants some magic wand or some guru with a crystal ball to tell them what to do. I'll be the first to tell you that I've two balls and I assure you neither are crystal.

And that brings me to the end of today's post.

I mentioned at the beginning there were two things I'd not done in a while.

And the second is taking a break. And since it's the silly season I'm going to do just that for the next week so you won't hear from me.

I do wish you joy, happiness, and money because, well, this is Capitalist Exploits.

- Chris

"Christmas is a season not only of rejoicing but of reflection." — Winston Churchill

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Precious Metal Deliveries For 2017 Begin Quietly - Big Drawdown in Registered For Delivery Silver

Posted: 29 Dec 2016 10:02 PM PST

Trump, BrExit, Crude Oil, Stocks Bull - Most Popular Market Oracle Videos of 2016

Posted: 29 Dec 2016 08:59 PM PST

2016 is about to come to an end that featured two unexpected shock political events of Britain's EU Referendum BrExit vote that literally no one in the mainstream press, political elite, markets or bookies saw come, and then there was Trump winning the US Presidency, which again shocked the establishment elite. Whilst in the financial markets, the crude oil prices trend garnered much popular interest as the early year oil price collapse had pushed many oil producers towards the edge of economic collapse. And again the BrExit and Trump factors induced much market uncertainty as the consensus expectations were that both events would result in an end of the 7 year long stocks bull market, which instead resulted in the exact opposite trends to a series of new all time highs.

Gold Surges Above $1,150, Mining Stocks Rocket Higher, Time to Buy the Dip?

Posted: 29 Dec 2016 08:56 PM PST

The gold price is showing strength heading into the close of 2016. The gold price has advanced for five straight days and is back above $1,150. The price put in a double bottom around $1,125 during December and the recent really suggests this may have been the bottom. After taking out $1,150, the gold price steadily climbed above $1,160 per ounce today.

European Commission Threatens Widespread Asset Confiscation

Posted: 29 Dec 2016 07:30 PM PST

Protect yourself from the mess that's coming with gold, silver and bitcoin. Get free from Central Powers and embrace sound, limited decentralized currency. Bitcoin continues to go up and grow organically. It has outperformed everything since its inception in 2008 (then at $1 and now at $970 and...

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Paul Craig Roberts Worries "What Is Henry Kissinger Up To?"

Posted: 29 Dec 2016 07:30 PM PST

Authored by Paul Craig Roberts,

The English language Russian news agency, Sputnik, reports that former US Secretary of State Henry Kissinger is advising US president-elect Donald Trump how to “bring the United States and Russia closer together to offset China’s military buildup.” 

If we take this report at face value, it tells us that Kissinger, an old cold warrior, is working to use Trump’s commitment to better relations with Russia in order to separate Russia from its strategic alliance with China.

China’s military buildup is a response to US provocations against China and US claims to the South China Sea as an area of US national interests. China does not intend to attack the US and certainly not Russia.

Kissinger, who was my colleague at the Center for Strategic and International studies for a dozen years, is aware of the pro-American elites inside Russia, and he is at work creating for them a “China threat” that they can use in their effort to lead Russia into the arms of the West. If this effort is successful, Russia’s sovereignty will be eroded exactly as has the sovereignty of every other country allied with the US.

At President Putin’s last press conference, journalist Marat Sagadatov asked if Russia wasn’t already subject to forms of foreign semi-domination: “Our economy, industry, ministries and agencies often follow the rules laid down by international organizations and are managed by consulting companies. Even our defense enterprises have foreign consulting firms auditing them.” The journalist asked, “if it is not time to do some import substitution in this area too?”

Every Russian needs to understand that being part of the West means living by Washington’s rules. The only country in the Western Alliance that has an independent foreign and economic policy is the US.

All of us need to understand that although Trump has been elected president, the neoconservatives remain dominant in US foreign policy, and their commitment to the hegemony of the US as the uni-power remains as strong as ever. The neoconservative ideology has been institutionalized in parts of the CIA, State Department and Pentagon. The neoconservatives retain their influence in media, think tanks, university faculties, foundations, and in the Council on Foreign Relations.

We also need to understand that Trump revels in the role of tough guy and will say things that can be misinterpreted as my friend, Finian Cunningham, whose columns I read, usually with appreciation, might have done.

I do not know that Trump will prevail over the vast neoconservative conspiracy. However, it seems clear enough that he is serious about reducing the tensions with Russia that have been building since President Clinton violated the George H. W. Bush administration’s promise that NATO would not expand one inch to the East. Unless Trump were serious, there is no reason for him to announce Exxon CEO Rex Tillerson as his choice for Secretary of State. In 2013 Mr. Tillerson was awarded Russia’s Order of Friendship.

As Professor Michel Chossudovsky has pointed out, a global corporation such as Exxon has interests different from those of the US military/security complex. The military/security complex needs a powerful threat, such as the former “Soviet threat” which has been transformed into the “Russian threat,” in order to justify its hold on an annual budget of approximately one trillion dollars. In contrast, Exxon wants to be part of the Russian energy business. Therefore, as Secretary of State, Tillerson is motivated to achieve good relations between the US and Russia, whereas for the military/security complex good relations undermine the orchestrated fear on which the military/security budget rests.

Clearly, the military/security complex and the neoconservatives see Trump and Tillerson as threats, which is why the neoconservatives and the armaments tycoons so strongly opposed Trump and why CIA Director John Brennan made wild and unsupported accusations of Russian interference in the US presidential election.

The lines are drawn. The next test will be whether Trump can obtain Senate confirmation of his choice of Tillerson as Secretary of State.

The myth is widespread that President Reagan won the cold war by breaking the Soviet Union financially with an arms race. As one who was involved in Reagan’s effort to end the cold war, I find myself yet again correcting the record.

Reagan never spoke of winning the cold war. He spoke of ending it. Other officials in his government have said the same thing, and Pat Buchanan can verify it.

Reagan wanted to end the Cold War, not win it. He spoke of those “godawful” nuclear weapons. He thought the Soviet economy was in too much difficulty to compete in an arms race. He thought that if he could first cure the stagflation that afflicted the US economy, he could force the Soviets to the negotiating table by going through the motion of launching an arms race. “Star wars” was mainly hype. (Whether or nor the Soviets believed the arms race threat, the American leftwing clearly did and has never got over it.)

Reagan had no intention of dominating the Soviet Union or collapsing it. Unlike Clinton, George W. Bush, and Obama, he was not controlled by neoconservatives. Reagan fired and prosecuted the neoconservatives in his administration when they operated behind his back and broke the law.

The Soviet Union did not collapse because of Reagan’s determination to end the Cold War. The Soviet collapse was the work of hardline communists, who believed that Gorbachev was loosening the Communist Party’s hold so quickly that Gorbachev was a threat to the existence of the Soviet Union and placed him under house arrest. It was the hardline communist coup against Gorbachev that led to the rise of Yeltsin. No one expected the collapse of the Soviet Union.

The US military/security complex did not want Reagan to end the Cold War, as the Cold War was the foundation of profit and power for the complex. The CIA told Reagan that if he renewed the arms race, the Soviets would win, because the Soviets controlled investment and could allocate a larger share of the economy to the military than Reagan could.

Reagan did not believe the CIA’s claim that the Soviet Union could prevail in an arms race. He formed a secret committee and gave the committee the power to investigate the CIA’s claim that the US would lose an arms race with the Soviet Union. The committee concluded that the CIA was protecting its prerogatives. I know this because I was a member of the committee.

American capitalism and the social safety net would function much better without the drain on the budget of the military/security complex. It is more correct to say that the military/security complex wants a major threat, not an actual arms race. Stateless Muslim terrorists are not a sufficient threat for such a massive US military, and the trouble with an actual arms race as opposed to a threat is that the US armaments corporations would have to produce weapons that work instead of cost overruns that boost profits.

The latest US missile ship has twice broken down and had to be towed into port. The F-35 has cost endless money, has a variety of problems and is already outclassed. The Russian missiles are hypersonic. The Russian tanks are superior. The explosive power of the Russian Satan II ICBM is terrifying. The morale of the Russian forces is high. They have not been exhausted from 15 years of fighting without much success pointless wars against women and children.

Washington, given the corrupt nature of the US military/security complex, can arms race all it wants without being a danger to Russia or China, much less to the strategic alliance between the two powers.

The neoconservatives are discredited, but they are still a powerful influence on US foreign policy. Until Trump relegates them to the ideological backwaters, Russia and China had best hold on to their strategic alliance. Anyone attempting to break this alliance is a threat to both Russia and China, and to America and to life on earth.

Dollar Flash Crashes On Last Trading Day Of 2016

Posted: 29 Dec 2016 07:14 PM PST

It is oddly appropriate that in a year everyone finally admitted markets are manipulated by central banks and broken by HFT algos, that on the last trading day of 2016, the dollar flash crashed with for no reason whatsoever.

Shortly after 6:30pm Eastern, the dollar plunged by 150 pips against the Euro, once 1.05 stops were taken out, with algos sending the EURUSD as high as 1.07 in a matter of seconds...

... while concurrently the Swiss Franc soared as much as 1.6% against the greenback, as the USDCHF tumbled from just over 1.025 to just above 1.0050 as the pair briefly flirted with parity.

What caused it? As there was no fundamental news, the answer is the same catalyst as the pound sterling flash crash: once EURUSD stops were taken out, algos all piled up on the same side of the trade and with virtually non existent market depth, it sent the world's most actively traded currency pair soaring. Indeed, as FX traders in Asia, cited by Bloomberg said, the EUR/USD jump was partly driven by a surge of algo-buy orders after pair rose above 1.0500 in early session.

Others agreed: as Shigeki Yoshitoshi, head of Japan FX and commodities sales at Australia & New Zealand Bank said, it "seems to be no particular factor driving euro sharply higher in extremely thin volume" adding that "there wasn't any particular news. Markets are extremely thin and perhaps position tuning occurred."

So after the initial freak out where are markets now? Well, according to Bloomberg, after the Euro was dealt as high as 1.07 on the EBS platform, though that price level has been dismissed by banks and clients according to Asia-based FX traders, the pair is slowly returning to its pre-freakout level. As Bloomberg adds, the post-mortem of the EURUSD spike already has "traders swapping stories of clients dealing away and banks shedding tears" especially those who were stopped out by a few good stop-busting algos. 

And while funds were seen buying under 1.0500, when the pair hit 1.0540 one trader says he had to take the loss.

Finally, if any readers missed the move, fear not: with the world's most actively traded market having become a farcical, flash crashing joke, it is only a matter of time before the next algo-driven freak out returns.

Why did Obama really issue sanctions against Russia?

Posted: 29 Dec 2016 07:00 PM PST

 Democratic Strategist Jessica Tarlov and Conservative Commentator Gina Loudon on President Obama's sanctions against Russia. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

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Oliver Stone Slams The Establishment's "The Russians Are Coming" Narrative

Posted: 29 Dec 2016 06:30 PM PST

Authored by Oliver Stone (via Facebook),

THE RUSSIANS ARE COMING

As 2016 draws to a close, we find ourselves a deeply unsettled nation. We’re unable to draw the lines of our national interest. Is it jobs and economy, is it national security, or is it now in our interest to ensure global security -- in other words, act as the world’s policemen?

As the “failing” (to quote Trump) New York Times degenerates into a Washington Post organization with its stagnant Cold War vision of a 1950s world where the Russians are to blame for most everything -- Hillary’s loss, most of the aggression and disorder in the world, the desire to destabilize Europe, etc. -- the Times has added the issue of ‘fake news’ to reassert its problematic role as the dominant voice for the Washington establishment. Certainly this is true in the case of Russia’s ‘hacking’ the 2016 election and putting into office its Manchurian Candidate in Donald Trump. Apparently the CIA (via various unnamed intelligence officials), and the FBI, NSA, Director of National Intelligence James Clapper (who notoriously lied to Congress in the Snowden affair), President Obama, the DNC, Hillary Clinton, and Congress agree that Russia, and Mr. Putin predominantly, is responsible.

Certainly the psychotic, war-loving Senator John McCain is right up there alongside these patriots, calling President Putin a “thug, bully and a murderer and anybody else who describes him as anything else is lying.” He actually said this -- the man whose sound judgment chose Sarah Palin as his VP nominee in ’08. And the Times followed by printing the story in its full glory on page one, clearly agreeing with McCain’s point of view. I don’t remember Presidents Eisenhower, Nixon, or Reagan, in the darkest days of the 1950s/80s, ever singling out a Russian President like this. The invective was aimed at the Soviet regime, but never were Khrushchev or Brezhnev the target of this bile. I guess this is a new form of American diplomacy. If a black youth in our inner cities were killed or a Pakistani wedding party were murdered by our drones, would President Obama be singled out as a murderer, bully, thug? Such personalization is a sign of sickness in our thinking and way beneath what should be our standards.

Note the enclosed link from the Veteran Intelligence Professionals for Sanity (which includes the ex-NSA reformer Bill Binney, a mathematical genius who inspired the Nic Cage character in “Snowden,” and who talks here about what hacking really means, as opposed to a ‘leak’). The Times and other mainstream media have surprisingly evaded any contrary evidence, such as that presented by Craig Murray, ex-ambassador and Wikileaks spokesman who says he was given the information in a Washington park by a Democratic ‘insider’ who was disgusted by the behavior of the DNC; Murray then gave it to Wikileaks. This was a ‘leak,’ not a ‘hack,’ and always seemed to me the likely source for this scandal (as I think the Sony leak was as well, falsely blamed on North Korea, but that’s another matter). And if this were to be properly investigated, it might very well lead to the discovery that this was Hillary Clinton’s ‘Nixon moment.’ Clearly the DNC offices were up to no good. Ironically, Clinton first made her name as one of the investigators into Watergate. See Mark Ames’s article, “Site Behind McCarthyite Blacklist,” tracking this foul play to Washington Post journalist Craig Timberg.

I remember well in the 1950s when the Russians were supposed to be in our schools, Congress, State Department -- and according to many Eisenhower/Nixon supporters -- about to take over our country without serious opposition (and they call me paranoid!). It was this same media who insisted on our need to go to Vietnam to defend our freedoms against the communists 6,000 miles away. And after the Red Scare finally went away for good in 1991, let us remind ourselves that It never ended. It became Hussein of Iraq with his weapons of mass destruction, and talk of the ‘mushroom cloud.’ It became a Demon, as real as any Salem Witch Trial. It was Gaddafi of Libya, and then it was Assad of Syria. In other words, as in an Orwellian prophesy, it never ended, and I can guarantee you it never will -- unless we the people who can still think for ourselves in this existential matter, can say “Enough” to this demon act. “Enough,’ “go away” -- laugh in their faces.

Of course, the NYT/WaPo nexus rarely will publish any of our serious dissents and thus we must take refuge in alternate media, such as ‘Consortiumnews,’ ‘The Intercept,’ ‘Naked Capitalism,’ ‘Counterpunch,’ ‘Zero Hedge,’ ‘Antiwar.com,’ ‘Truthdig,’ ‘Common Dreams.’ Yet I think we were all quite shocked (but not surprised) when recently we saw 200 websites listed as tools of the Kremlin (WaPo’s November 24, “Russian propaganda effort helped spread ‘fake news’ during election”).

My God, the ghost of Izzy Stone is back from the 1950s! For that matter, so is Tom Clancy from the ’80s. False thrillers will now be written about the Russians hacking the American elections. Money and TV serials will be made. I’ve never read such hysterical junk (call it what it is -- “fake news”) in the New York Times, in which the editorials have become outrageous diatribes, many of them presumably written by Serge Schmemann, one of those ideologues who still finds Russians under his bed at night (called ‘White Russians’ in the old days who, like right-wing Cubans in Miami, can never live down past grievances). Schmemann is obviously riding high at the NYT edit board. We can make fun of this, but it’s an irresponsible and dangerous editorializing, which has invaded the MSM’s reporting. Their thinking has clearly influenced the Pentagon and many of our Generals’ statements. When one group-think controls our national conversation, it’s so sad, a pathetic loss of judgment, and it becomes ultra dangerous. In this spirit, I’m linking several crucial essays of new vintage, pointing out the disgrace the MSM has become.

As much as we may disagree with Donald Trump (and I do) he’s right now target number one of the MSM propaganda -- until, that is, he changes to the anti-Kremlin track over, God knows, some kind of petty dispute cooked up by CIA, and in his hot-headed way starts fighting with the Russians. It wouldn’t be long then until he declares a state of war against Russia. I have no doubt then that our over-financed military ($10 to every 1 Russian dollar) will mean NOTHING against a country that right now believes the US, with the largest buildup of NATO on its borders since Hitler’s World War II, is crazed enough to prepare for a preemptive strike. In his analysis, “The Need to Hold Saudi Arabia Accountable,” Robert Parry points out that this conflict ironically started in the 1980s with the Neoconservatives defining Iran as the number one terrorist sponsor in the world. How this leads to our present mess is a brilliant analysis that is unknown to the American public.

I urge you to read the following articles and stay calm in your thinking. But bring it to bear in some way.

Robert Parry, “Making Russia ‘The Enemy’,” Consortiumnews
http://bit.ly/2hz4jTI

Joe Lauria, “Russia-Hack Story Another Media Failure,” Consortiumnews
http://bit.ly/2hmndK4

Justin Raimondo, “Stop the CIA Coup,” Antiwar.com
http://bit.ly/2hgka9c

Robert Parry, “The Need to Hold Saudi Arabia Accountable,” Consortiumnews
http://bit.ly/2ifNRZ3

Ray McGovern, “US Intel Vets Dispute Russia Hacking Claims,” Consortiumnews
http://bit.ly/2gB2yWo

Mark Ames, “Site behind Washington Post’s McCarthyite Blacklist,” Naked Capitalism
http://bit.ly/2goUVT5

Robert Parry, “A Sour Holiday Season for Neocons,” Consortiumnews
http://bit.ly/2imXXVb

As a believer in what Thich Nhat Hanh says, every single one of us, even through our prayers, can add to the betterment of this world. I never thought I’d find myself at this point in time praying for the level-headedness of a Donald Trump. You might remember “The Iliad.” As Homer would have it, the gods would huddle up during each day’s battles and decide on the outcome. Who would die and who would live. Are the gods still listening?

Getting gold back into the system with a market-based interest rate on gold

Posted: 29 Dec 2016 06:13 PM PST

By Valentin Schmid
The Epoch Times, New York
Thursday, December 29, 2016

There are people who think the financial system based on the dollar will collapse sooner rather than later. For this event, they are hoarding gold, silver, and sometimes guns and canned food.

"If people lose confidence in the other forms of money, they'll go to gold," said James Rickards, author of "The New Case for Gold."

"Sometimes gold rallies because it's an inflation hedge, which it is, but gold can also be a deflation hedge. But most importantly gold is money, and when I see the dollar price of gold going up in this environment, it tells me that people are losing confidence in central banks, thinking of gold as money, thinking they want to allocate part of their portfolio not to dollars, or yen, or euros, or yuan, but to gold." Rickards recommends a 10 percent allocation to physical gold to protect the investor from extreme economic risk.

The problem with this strategy is that hoarding gold outside the financial system in safe-deposit boxes, or by burying it in the back yard, is akin to taking your chips off the poker table and going home. You are not participating in the economic game anymore.

Keith Weiner, CEO of Monetary Metals, wants to fix this. Similar to Rickards, he recognizes the weaknesses in the fiat-based monetary system, like close-to-zero interest rates for savers and too much debt. He also recommends that people hold a certain amount of gold. ...

... For the remainder of the report:

http://www.theepochtimes.com/n3/2203217-getting-gold-back-into-the-syste...



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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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Gold lures investors worried about trade wars and Trump tweets

Posted: 29 Dec 2016 06:06 PM PST

By Eddie Van Der Walt, Luzi-Ann Javier, and Ranjeetha Pakiam
Bloomberg News
Thursday, December 29, 2016

The Donald J. Trump era is marking a new age for gold as an investor safe haven.

While the precious metal has always been hoarded in times of trouble, a bevy of political and economic surprises in 2016 sparked a surge in buying that sent bullion to the first annual gain in four years. Prices may rally 13 percent in 2017, almost double this year's advance, according to a Bloomberg survey of 26 analysts.

Fueling the bullish outlook is the risk of chaos on multiple fronts: a possible trade war from America's fraying relationship with China, the alleged Russian hack of U.S. political parties, the U.K.'s complicated exit from the European Union, and elections slated in France, Germany, and the Netherlands that may see a rise of nationalist groups. And then there are Trump's frequent Twitter posts, in which the U.S. president-elect feuded with rivals and made declarations that unsettled allies even before he takes office Jan. 20.

"One hundred forty characters of unfiltered Trump are likely to create tensions with America's largest trading partners," Mark O'Byrne, a director at broker GoldCore Ltd. in Dublin, said by e-mail. "Markets that are already shaken by the fallout from Brexit, the coming elections in Europe, and indeed the increasing specter of cyber warfare could again see a safe-haven bid." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2016-12-29/trump-twitter-age-bri...



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Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow

Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:

http://www.bnn.ca/video/fabrice-taylor-discusses-k92-mining~1008356

Taylor cited the company's announcement here:

http://www.k92mining.com/2016/11/6114/



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

BREAKING ALERT: GLOBAL GOLD CONFISCATION HAS BEGUN

Posted: 29 Dec 2016 06:00 PM PST

 Hot on the heels of China gold import restrictions, and India's demonetization and gold confiscations, the European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding ...Bob Kudla joins Gary...

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

China expands forex basket to dilute role of dollar

Posted: 29 Dec 2016 05:59 PM PST

From Agence France-Presse
via The Times of India, Mumbai
Thursday, December 29, 2016

BEIJING -- China said Thursday it would almost double the number of foreign currencies it uses to determine the official value of the yuan, thereby diluting the role of the dollar.

The move to expand the foreign exchange basket used to set a daily reference rate for the yuan, or renminbi, will help Beijing shake off the weakness of the currency against the greenback and project an image of stability in the unit.

The dollar will see its prominence in the basket dented by the newcomers, with its share falling from 26.4 percent to 22.4 percent. It is followed by the euro at 16.34 percent.

Among the 11 currencies to join the 13 existing ones are the South Korean won, the South African rand, the Hungarian forint, the Turkish lira, and the Polish zloty, according to the Chinese Foreign Exchange Trade System, which is run by the central bank. ...

The expansion is designed to "strengthen the representativeness" of the basket and will come into force on January 1, it added. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/news/international/business/china-ex...



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

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To contribute to GATA, please visit:

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

The Central Banks Have Positioned The Economy To Collapse

Posted: 29 Dec 2016 05:30 PM PST

Trump announces that Sprint will bring back 5,000 jobs. Gold surges on a huge purchase of paper contracts. Mini bubbles are now ready to burst. NYC real estate is now declining rapidly, this is the beginning of the real estate market breaking apart. Italian banks are now seeing a bank run on...

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

Invader Violence in Germany Out of Control -- Dr. Leonard Coldwell

Posted: 29 Dec 2016 04:30 PM PST

Jeff Rense & Dr. Leonard Coldwell - Invader Violence in Germany Out of Control Clip from December 26, 2016 - guest Dr. Leonard Coldwell on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

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

BREAKING: George Soros Just Gave Trump 'Biggest Compliment' - He Stopped NWO !

Posted: 29 Dec 2016 04:00 PM PST

 BREAKING: George Soros Just Gave Donald Trump The Biggest Compliment ! It is becuase Trump STOPPED the NWO plan!~~ 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://www.figanews.com for full links, other content, and more! ]]

Anonymous 10 Greatest Conspiracy Theories

Posted: 29 Dec 2016 03:00 PM PST

The illuminati is making up conspiracy theories to distract people from the truth... 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 http://financearmageddon.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

To 9/11 and Beyond: The Rothschild - Israel Obsession with Nuclear Weapons

Posted: 29 Dec 2016 02:30 PM PST

 James Perloff returns to Our Interesting Times to discuss his article "To 9/11 and Beyond: The Rothschild-Israel Obsession with Nuclear Weapons." The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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America Sold Down The River A Long Time Ago - Morris

Posted: 29 Dec 2016 01:30 PM PST

Truth is above Partisanship Mosul No Drinking Water - USA is at the Dam. Division of labour divorces us from the environment & creates celebs Trumps Cabinet For Rich People Controlled opposition the ultimate enemy The Financial Armageddon Economic Collapse Blog tracks trends and...

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Anonymous - Donald Trump EXPOSES America

Posted: 29 Dec 2016 12:00 PM PST

 Anonymous Donald Trump EXPOSES America 2016-2017We 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 ,...

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

Gold Technically Oversold, Ready for a Price Reversal

Posted: 29 Dec 2016 10:01 AM PST

In more ways than one, 2016 was a roller coaster year. One need only look at gold's performance to confirm this. After rallying more than 30 percent in the first half, the precious metal stalled in the days before the U.S. election, then retreated on a weekly basis, under pressure from a strengthening dollar and tightening monetary policy. As you can see in the oscillator below, gold is now down more than two standard deviations from its mean, or average, dollar amount. The reason I show you this is because, in the past, this was a good time to begin accumulating, as mean reversion soon followed.

MARTIAL LAW Proof: Trains Transporting Military Vehicles Tanks to NY, CA and TX! (2017)

Posted: 29 Dec 2016 09:32 AM PST

TV NEWS: MARTIAL ALERT by Trump's GOV'T plan! How to protect your money! Important News!! How to survive on 2017 event! Gold Tips! Very important Information! Please take a look and Share... Share... because this video must be shared with max number of people! make your part now, please share...

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Demystifying Precious Metals Propaganda, Part lll

Posted: 29 Dec 2016 09:02 AM PST

Yesterday's "why Bitcoin will make gold and silver go up" was a big hit - as it should be, given how momentous the rise of crypto-currency is; and consequently, how governments are guaranteed to respond. I mean, if they're this scared of something as intrinsically worthless as cash; let alone, non-interest bearing "barbaric relics" like gold and silver - which to date, they think they have mastered the art of suppressing in the futures markets; just think how terrified they will be of, as the wisest of all Bitcoin prognosticators, Andreas Antonopoulous, deems, the "internet of money" - particularly in light of the fact that for all intents and purposes, it can't be naked shorted.

FTSE 100 hits new record closing high as gold miners shine

Posted: 29 Dec 2016 09:00 AM PST

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

Is China About to Demand the US Dollar Lose Reserve Currency Status?

Posted: 29 Dec 2016 08:53 AM PST

In the last month, China has: 1) Burned through over $70 billion defending the Yuan. 2) Had to halt trading in its multi-TRILLION dollar bond market. 3) Had to issue emergency lending to financial firms to keep them afloat.

Will Trump Bring Inflation to America’s Shores?

Posted: 29 Dec 2016 08:04 AM PST

A weaker dollar tends to exert inflationary pressures in the economy. So far, however, the post-election trend in the dollar versus foreign currencies is up. The dollar can gain against other fiat currencies while still losing value against hard assets. But gold bugs and "Trumpflation" forecasters will be looking for the dollar index to reverse course and confirm the other signals markets are giving for rising inflation during the Trump years ahead.

Surging US Dollar in 2017 a Catalyst for Gold Bottom

Posted: 29 Dec 2016 06:49 AM PST

Gold is now officially in its longest bear market ever. If we define a bull market as a multi-year advance then Gold has endured five bear markets over the past 45 years. Four of the five are plotted in the chart below. The current bear market has followed the trajectory of the 1987-1993 and 1996-2001 bears but with more downside.

Trump's pick for budget chief liked gold, had dim view of dollar

Posted: 29 Dec 2016 06:46 AM PST

It will be a rare politician who still likes gold AFTER coming to power.

* * *

By Noah Buhayar
Bloomberg News
Thursday, December 29, 2016

President-elect Donald Trump's pick for budget chief, Mick Mulvaney, has been an active investor in gold and gold-mining stocks, often seen as a hedge against collapsing currency.

The South Carolina Republican congressman has accused the Federal Reserve of debasing the value of the greenback and has praised bitcoin, an alternative currency. He held between $50,000 and $100,000 in precious metals as of the end of 2015, filings show.

Now, as Trump's nominee to run the Office of Management and Budget, Mulvaney, 49, is poised to influence U.S. fiscal policy. As director of OMB, he would help the president set government spending and could end up working on an overhaul of the federal tax code. At least one other member of Congress appointed by Trump to a cabinet-level position, Rep. Tom Price, also has a history of trading stocks while in office.

Mulvaney's investments in mining companies date to at least 2010, the year he was elected to the House of Representatives as part of the Republican Tea Party wave. A filing detailing his holdings at the end of that year shows he and family members owned stocks and funds of gold- and silver-mining companies -- including Eldorado Gold Corp., Agnico Eagle Mines Ltd., and Pan American Silver Corp. -- with a total value of between $252,000 and $855,000. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2016-12-29/trump-s-pick-for-budg...



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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-...



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Gold Market Morning: Dec-29-2016 -- Gold and Silver base-building

Posted: 29 Dec 2016 06:35 AM PST

With the rise in the gold price today the price of gold at $1,130 looks more and more like the bottom. Of course we could be wrong, as these sales from the gold ETFs could re-emerge in the New Year. But with Shanghai showing a greater influence on the gold price today as prices jumped $10 after not being able to break up through $1,140 for some time, is an indication of what lies ahead? Next week should add to this conclusion or dismiss it.

European Commission Threatens Widespread Gold, Asset Confiscation

Posted: 29 Dec 2016 02:47 AM PST

The “war on terror” continues... The US and the North Atlantic Terrorist Organization (NATO) attacked Libya and Syria and began transporting Muslims to Europe as a means of destabilization. They have also conducted numerous other false flag attacks, such as Charlie Hebdo, by which to further confuse and imprison the local population. The most recent was the so called “terror attack” which occurred several days before Christmas in Berlin, Germany. A truck was deliberately driven into a crowded market killing 12 people and leaving 48 injured.

Surging US Dollar in 2017 a Catalyst for Gold Bottom

Posted: 29 Dec 2016 02:42 AM PST

Gold has suffered recently in the wake of higher real interest rates while the US Dollar, thanks to higher yields has reached a 14-year high. Stronger real rates hurt Gold but so does a stronger US Dollar, which remains the dominant global currency. In addition to falling real interest rates Gold likely needs the US Dollar to approach a major peak. It may sound perverse to gold bugs but the sooner the US Dollar climbs and the stronger it gets, the closer Gold could be to the start of a new bull market.

Breaking News And Best Of The Web

Posted: 29 Dec 2016 01:37 AM PST

US stocks, interest rates, dollar at recent and/or record highs. Worries about valuation are spreading. US housing starts jump in November, auto sales turn down, numerous factories scaling back. Italian banks restructuring and raising capital as government begins bail-out. Deutsche Bank agrees to big fine for mortgage fraud. Terrorist attacks in Turkey and Germany.   […]

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