Gold World News Flash |
- The PetroYuan Cometh: China Docks Navy Destroyer In Iran’s Strait Of Hormuz Port
- David Morgan: US Dollar is the Last Stop Before Gold & Silver Spike
- MUST WATCH RECAP: Silver Back Breakers
- Banksters Gut Silver To Protect Fiat Paper Ponzi — Kranzler
- Gold price suppression covered fully by GATA secretary on 'The Larry Parks Show'
- Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading
- Andy Hoffman: This Dollar Ponzi Scheme Will Collapse
- Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading
- The Chart Every Silver Investor Should See
- UK's Royal Mint begins Internet marketing of gold and silver coins
- Pelosi: When ‘Obama Won the Election, He Took Us Out of That [Economic] Brink’
- Established rivals may keep Shanghai trade zone's gold exchange in check
- We Are Living In A State Of Keynesian "Bliss"
- ISIS Slams "Mule Of The Jews" Obama, Demands Killing Of "Disbelievers" Especially "Filthy French"
- Global Leading Indicator Plunges To Economic "Slowdown", Goldman Warns
- Preparing For War On Lies To Cover Up The Economic Collapse
- The Fallacy Of US Dollar "Strength"
- Royal Mint's tip for investors: go for gold
- The PetroYuan Cometh: China Docks Navy Destroyer In Iran's Strait Of Hormuz Port
- Two Estimations of Chinese Gold Demand
- New Gold Fix Planned By LBMA In Desperate Attempt To Maintain Status Quo
- CURRENCY WAR! China & Russia Economic Warfare Against U.S!
- Despite Pressure, Is Silver Ready To Turn Mega-Bullish?
- Hugo Salinas Price: The tribute the world pays to the empire
- 2015 Market Collapse then New World Order ?
- ISIS Captures Millions of Dollars, Gold Ingots, Stashed at Former Iraqi Parliament Speaker's Home
- Gold Investors Weekly Review – September 19th
- Don’t Be a Freedom Wimp: Live from the Casey Research Summit in San Antonio
- Long Term Gold Price Chart with Retracements
| The PetroYuan Cometh: China Docks Navy Destroyer In Iran’s Strait Of Hormuz Port Posted: 22 Sep 2014 01:00 AM PDT from ZeroHedge:
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| David Morgan: US Dollar is the Last Stop Before Gold & Silver Spike Posted: 22 Sep 2014 12:36 AM PDT On the recent strength of the U.S. dollar, David Morgan of Silver-Investor.com, says, "John Exter's upside down pyramid explains it very well. The derivative markets blow up and you go down the pyramid of liquidity. The step above the run to gold is the U.S. dollar. Most people who are under... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| MUST WATCH RECAP: Silver Back Breakers Posted: 21 Sep 2014 10:01 PM PDT from TruthNeverTold: |
| Banksters Gut Silver To Protect Fiat Paper Ponzi — Kranzler Posted: 21 Sep 2014 07:45 PM PDT
It’s the same old song, silver once again gutted by Bankster cartel paper in order to protect their fiat Dollar Ponzi scheme. Dave Kranzler of Investment Research Dynamics joins us to discuss what’s next and how low silver could go despite the very real demand for PHYSICAL metals throughout Asia. |
| Gold price suppression covered fully by GATA secretary on 'The Larry Parks Show' Posted: 21 Sep 2014 07:36 PM PDT 10:39p ET Sunday, September 21, 2014 Dear Friend of GATA and Gold: Thanks to the interviewer's knowledge of the issue and willingness to spend time on it, your secretary/treasurer got to cover many aspects of the Western gold price suppression scheme last week on "The Larry Parks Show," broadcast on the Manhattan Neighborhood Network in New York. Parks was so adept because he is executive director of the Foundation for the Advancement of Monetary Education: Among the aspects discussed were the U.S. government's having authorized itself to rig all markets secretly, the U.S. government documents recently disclosed showing that central banks are trading secretly in all major U.S. futures markets, the other documents GATA has compiled proving the gold price suppression scheme, why the gold mining industry refuses to do anything about it, why the scheme will keep succeeding until gold investors shun "paper gold," and the treason of the central bankers in developing countries. The interview being so comprehensive, it would be an especially good one for gold investors and anti-imperialists to recommend to government officials, financial journalists, and gold and silver company executives. The interview is a half hour long and can be viewed at the Vimeo Internet site here: CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Join GATA here: Canadian Investor Conference http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-... New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading Posted: 21 Sep 2014 07:32 PM PDT Markets are very active in the early Asian trading session (following the G-20-'s warnings over excess risk-taking). Precious metal liquidations continue with silver bearing the brunt (back below pre-Lehman levels) and gold down modestly. Stocks from China to US are all down notably too. The USD is weakening as EUR strengthens on the back of ECB comments about the possibility of no more stimulus and chatter that the PBOC may be selling USDs. Treasury yields are down (having retraced all FOMC losses). Iron Ore futures in Singapore just hit a record low below $80.
Treasuries have recovered all post-FOMC losses...
Precious metals continue to get smashed lower...
and here post FOMC....
To multi-year lows...
S&P Futures are down 9 points... and most of Asian stock markets are sliding (especially China)
And the USDollar is losing steam...
as EUR strength trickles back on the ECB's G-20 comments
and JPY strength is dragging carry lower...
And Chinese stocks are losing their luster despite China's efforts to pile its people into this bubble now that real estate has popped...
* * * Something has changed...
Charts:Bloomberg |
| Andy Hoffman: This Dollar Ponzi Scheme Will Collapse Posted: 21 Sep 2014 07:30 PM PDT by Anthony Wile, The Daily Bell:
Andy Hoffman: Working harder than ever to dispel the mistruths and misinformation permeating the clueless, captive MSM and historically manipulated financial markets. Thankfully, despite multi-year lows in Western Precious Metals sentiment, Miles Franklin is as strong as ever, as we complete our 25th year of operation. Daily Bell: In a recent blog entry you referred to the “potentially cataclysmic Scottish referendum.” What did you mean by that? Andy Hoffman: Just from a pure economic standpoint, it would indeed be a lethal blow to the UK economy – which, like the U.S., is supported solely by unfettered central bank money printing, which has created nearly identical equity and high-end real estate bubbles. Scotland generates just 10% of UK GDP, but theoretically would have title to 90% of North Sea oil and gas revenues – which not only could prove devastating for England, but could yield years of bitter property disputes. |
| Liquidations Continue: Stocks, Dollar Slide, Precious Metals Pounded In Asia Trading Posted: 21 Sep 2014 07:10 PM PDT from ZeroHedge:
Markets are very active in the early Asian trading session (following the G-20-’s warnings over excess risk-taking). Precious metal liquidations continue with silver bearing the brunt (back below pre-Lehman levels) and gold down modestly. Stocks from China to US are all down notably too. The USD is weakening as EUR strengthens on the back of ECB comments about the possibility of no more stimulus and chatter that the PBOC may be selling USDs. Treasury yields are down (having retraced all FOMC losses). Iron Ore futures in Singapore just hit a record low below $80 |
| The Chart Every Silver Investor Should See Posted: 21 Sep 2014 07:02 PM PDT by Steven St. Angelo, SRS Rocco:
On the other hand, the clowns on the financial networks continue to be euphoric about the broader stock markets as they head toward the heavens. The Dow Jones Industrial Average hit a new ALL TIME HIGH reaching 17,265 today. However, if we look at the chart below, we can see a troubling trend.
As the Dow Jones bubbles to new record territory, trading volume heads into the toilet. This is not a good sign. The Fed must be holding up the majority of the market as investors with any lick of sense, already bailed out of stocks long ago. Who knows how long before the Dow Jones Index finally receives a well overdue market enema. I can assure you of this, when it arrives it will be a very MESSY OCCASION. Before I get to the CHART every silver investor should look at, let's take a quick peak at this one. This chart shows the total American Gold & Silver Eagle sales since the U.S. Mint started its official coin program in 1986. From 1986 to 2013, total Silver Eagle sales were 358.5 million and total Gold Eagle sales were 20.1 million. Thus, we had a 18/1 Silver-Gold Eagle ratio during this 28 year time-span. You will notice after the collapse of the U.S. Investment Banking and Housing Industry in 2007, Gold and Silver Eagle sales increased substantially. Even though Gold Eagle sales improved significantly in the years after the economic and market collapse, Silver Eagle sales shot up even higher in percentage terms. From 2008 to 2013, the U.S. Mint sold a staggering 200.3 million Silver Eagles compared to 6.1 million Gold Eagles. The Silver-Gold Eagle ratio nearly doubled to 33/1 in this six-year period, due to investors favored Silver Eagles over Gold Eagles. Moreover, investors purchased more Silver Eagles from 2008 to 2013 (200 million), compared to the 158 million sold from 1986 to 2007. If current buying trends continue for the remainder of the year, I forecast total Silver Eagle sales to reach 37 million and 475,000 oz of Gold Eagles. While sales of Gold & Silver Eagles will be lower in 2014 compared to the previous year, the Silver-Gold ratio is estimated to hit a stunning 78/1…. more than double the 33/1 from 2008-2013. Furthermore, Silver Eagle sales held up much better than Gold Eagles in 2014. According to my year-end estimates, 2014 Silver Eagle sales will only decline 13% year-over-year, while Gold Eagle will fall 45%. Now… let's get to the chart I believe every silver investor needs to see: If we add the total Silver Eagle sales from 1986 to present, it would equal 388.3 million (including the 29,771,000 year to date in 2014). This is higher than the total inventories of the iShares Silver Trust, SLV ETF which currently stands at 340.4 million ounces. |
| UK's Royal Mint begins Internet marketing of gold and silver coins Posted: 21 Sep 2014 06:32 PM PDT Royal Mint's Tip for Investors: Go for Gold By Hannah Furness http://www.telegraph.co.uk/finance/personalfinance/investing/gold/111125... It has provided gold coins for kings, queens, and governments for hundreds of years, but the Royal Mint is opening its services to the public with a new trading website. It is encouraging members of the public to become gold investors, claiming that the precious metal is now "relatively affordable." It is hoped that the website will convince everyday investors to buy bullion coins struck in gold or silver directly from the Royal Mint, after previously being put off by the complexity of investing. ... Dispatch continues below ... ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 BullionStar is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore. Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter. For more information, please visit Bullion Star here: A spokesman for the Royal Mint said it wanted to expand the British market. The website, royalmintbullion.com, aims to constantly updates live prices for gold and silver to help investors pick the best moment to buy. Customers can have the coins delivered to their home. They can also opt to store them in "the vault," the Royal Mint's on-site storage facility, which is protected by the Ministry of Defence. Shane Bissett, its director of commemorative coin and bullion, said: "Where the average consumer may have shunned gold due to perceived complexities, the Royal Mint can help make this option a much more accessible opportunity. "We want to help expand the bullion market in the UK, particularly as coins offer a relatively affordable introduction, and believe we are well placed to do so. "The quality of our bullion coins is of an extremely high standard that cannot be rivalled. "We have been a highly respected and trusted source of coins for kings, queens, and governments for more than a thousand years, and this proud heritage means that we are globally recognised as a reliable source for bullion coins." Join GATA here: Canadian Investor Conference http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-... New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Pelosi: When ‘Obama Won the Election, He Took Us Out of That [Economic] Brink’ Posted: 21 Sep 2014 06:30 PM PDT by Ali Meyer, CNS News:
"I know you’ve heard from many members of the House and Senate about the importance of the three pillars of security for America's seniors: about Social Security, about Medicare and about Medicaid," she said. "And I'm here to add my support to strengthening, not weakening those pillars. But I want to just take a different tack for a moment." Pelosi went on to recount the day that the Secretary of the Treasury and the Federal Reserve Chairman, Ben Bernanke, came to her office to discuss how financial institutions were in jeopardy and there was a meltdown in the economy. |
| Established rivals may keep Shanghai trade zone's gold exchange in check Posted: 21 Sep 2014 06:25 PM PDT By Enoch Yiu http://www.scmp.com/business/commodities/article/1597536/established-riv... China's launch of an international gold exchange in the Shanghai Free-Trade Zone 11 days ahead of schedule last week may not be much help as it seeks to compete with established gold markets such as New York, London, and Singapore. While China is the largest physical gold consumer in the world, the financial infrastructure may lag that of Singapore and Hong Kong in handling a gold market. Gold traders believe the gold market in the free-trade zone would attract domestic and foreign investors to trade, but catching up with the major international players will not come quickly. ... Dispatch continues below ... 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"There would be a lot of demand for gold trading in the new market," said Andrew Fung, executive director of Hang Seng Bank, with traders keenly interested in arbitrage opportunities between Hong Kong and Shanghai to make money. "But it would take a long time for Shanghai to catch with other international big players such as New York, London, or Singapore, as these markets are long-established. In addition, the yuan is not yet fully convertible which makes it hard for the Shanghai gold market to become international. It may, however, be able to fight for a role in Asia," Fung said. Ben Kwong Man-bun, a director of KGI Asia, said the Shanghai international gold exchange would attract mainland and international investors. "The gold board is supported by the central government in China and this is the first international exchange in the Shanghai Free-Trade Zone. With support from the government, many big mainland companies will trade in the new market, while international investors will also tap this opportunity," Kwong said. "However, it won't be a successful international market in the near term as it will take time to build up volume. It needs time to catch up with other markets." Singapore used to be a leading centre for handling gold in the region given its ability to serve both the Chinese and Indian markets. The city-state's position in Southeast Asia was eroded when Dubai emerged and took the Indian business away from Singapore owing to its proximity to India. Hong Kong's experience also shows it is not easy to launch a gold exchange. The ill-fated Hong Kong Mercantile Exchange suspended trading in May last year after operating for two years, hounded by a lack of volume in its gold and silver contracts. Its founder, Barry Cheung Chun-yuen, is facing bankruptcy orders applied by his creditors and former employees. The High Court in April ordered the exchange to be wound up after it failed to repay four creditors rent and salaries totalling nearly HK$100 million. A gold contract in Hong Kong Exchanges and Clearing has also been plagued by light or no volume since last year. The most actively exchange-traded gold contracts are on the 103-year-old Chinese Gold & Silver Exchange Society. Many of its end users are jewellery manufacturers or retailers such as Chow Tai Fook or Chow Sang Sang. Its president, Haywood Cheung Tak-hay, believes the Shanghai exchange would give fresh opportunities for the local gold bourse. "We are in discussions to establish an alliance with the Shanghai Gold Exchange in a bid to achieve cross-border gold trading between Hong Kong and the new international gold market in the Shanghai Free Trade zone," he said. The gold contracts traded on the international gold board are denominated in yuan and overseas investors can settle with offshore yuan funds. This is because the international gold exchange is located in the free-trade zone where the Chinese government has approved more flexible use of the yuan in the area. The new market will also allow gold imported from overseas to be warehoused in the zone and used for physical delivery of the metal. The international gold exchange was launched one year after the zone was set up. It had been scheduled to launch on September 29 but was brought forward to Thursday last week, a move some industry players said was due in part to the visit of Premier Li Keqiang to the area. Helen Wong, deputy chairman of HSBC (China) said the international gold board opened China's gold market to global investors, underscoring the Shanghai free-trade zone's role in bridging onshore and offshore markets, while pricing in yuan would enhance the currency's use in cross-border investment. Join GATA here: Canadian Investor Conference http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-... New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| We Are Living In A State Of Keynesian "Bliss" Posted: 21 Sep 2014 06:22 PM PDT Submitted by Mark Jeftovic via Rebooting Capitalism blog, John Maynard Keynes is the grandfather of all modern mainstream economic thought. Richard Nixon was famously attributed as saying, “We are all Keynesians now” whilst slamming shut the gold window and launching the era of global fiat money. (Nixon didn’t really say this, it was actually Milton Friedman) The phrase came back in vogue in the aftermath of the Global Financial Crisis when neo-Keynesians like Paul Krugman called for, and got, massive government and Central Bank intervention into the global economy in order to “save it”. Back in 1930, Keynes looked out into the future and saw that with the proper management of the economy, monetary policy and the like, the world could attain a type of utopian stasis:
In his essay “The Economic Possibilities of Our Grandchildren” Keyne’s imagined the big challenges of our days in the 21st century would be what to do with all that extra leisure time and how to achieve fulfillment since by now the quest for wealth and material gain would become more or less unfashionable or even obsolete.
Granted, Keynes did say this would happen if mankind avoided any calamitous wars and if there was no appreciable increase in population. Two more flawed base assumptions there could not have been. But this hasn’t stopped the world’s conventional economists, not to mention the political and policy-making class (a.k.a The Overlords) from embracing the uniquely Keynesian notion that if you just know which macro-economic levers to pull, and how much and for how long, and when to do it; then you can get just the right amounts of: money quantity, money velocity, interest rates, nominal inflation, savings rates, capital expenditures, unemployment levels and consumer spending to make Everything Just Right All The Time without ever having so much as a downtick or a speed-wobble, ever again. (In case you were interested, it looks something like this: K¢ = [B - U(C)]/U¢) Converging on BlissThe formula I linked above comes from a page examining “The Ramsey Exercise” after Frank P. P. Ramsey who published an article in 1928 which Keynes called “one of the most remarkable contributions to mathematical economics ever made”. Ramsey endeavored to find the optimal rate of savings which would maximize social welfare.
Why is this important? Because politicians believe that there is such thing as an optimal rate of savings. While in the past there may have some rumination that it was too low (“myopic agents”), what really bothers Keynesians is if it gets too high, which is why you have things like artificially supressed interest rates – ZIRP without end, and even negative interest rates. As I lamented in Cronyism in the 21st Century:
So according to politicians, pundits and Krugmans, you tweak stuff just right, and you get this:
“Converging on bliss” If you look at US GDP growth since 1930:
Source: http://www.financialsense.com/contributors/doug-short/economic-growth-in-the-us-since-1930 We do see the 5-year moving average coming down to 0. No growth, just like Keynes postulated in 1930. Combine this with Janet Yellen’s revelation that if poor people would just get with the program and accumulate more assets things would be grand and guess what? We have arrived at Bliss. Doesn’t it feel great? All Progress is CyberneticWhat anybody who actually examines the issue realizes is that all progress is cybernetic in nature. What this means is that all self-sustaining systems or processes (like an economy or an ecology) employ methodologies for self-regulation, and they rely heavily on evolution in one form or another. Maxwell Maltz, in his groundbreaking (albeit largely uncredited) antecedent to which the entire modern self-help movement owes it’s existence, Psycho-Cybernetics, stressed that a big component of any system’s progress is that it relies primarily on feedback loops both positive and negative. The process simply doesn’t work without both negative and positive consequences of past-actions to inform present decisions toward future goals (the original title of this post was “The Extinction of Consequences”) Gogerty’s “The Nature of Value”, shows a chart of a cybernetic process: The dots indicate dead ends – negative feedback “this doesn’t work” while the arrows indicate paths of “so far, so good”. What modern economic interventionism attempts to do is eliminate all the dots (and then make sure all the arrows are “equal”). Policy makers and political fixers hold a mechanistic view of the macro economy, implementing “fixes” and managing it because in their minds, it’s just an algorithm. As Gogerty observes:
The reality is that the economy is a complex adaptive system and thus inherently “unmanageable”. The system itself adapts so you will never come up with anything that achieves “perfect equilibrium”. Any attempt to do so suppresses the built-in signaling mechanisms and thus all system participants begin to make choices based on “facts” which are increasingly and iteratively distorted by the overlaying policy attempts at eliminating negative feedback.
And the centrally planned attempts at running the economy as if it were such a linear, probabilistic machine that could be steered shy of recessions or downturns has instead created an escalating sequence of severe dislocations.
This pattern of intervening to avoid recessions and economic downturns goes all the way back to Nixon’s existential crisis of 1971, perhaps even further – to 1913, when the Fed was created to ensure economic stability for all time. Today the distortions are now so far advanced that all market signalling is for the most part, totally broken. The stock market reaches new highs on diminishing volume, it costs you money to save your money and there is no official inflation – despite the fact that everything either costs more or it comes in a smaller package for the same price (shrink-flation). The global financial system is flashing bright red warning lights and yet complacency rules the day and the official policy and media pundit line is that the recovery (now in it’s 5th year) actually exists. One of these days all of the market signalling mechanisms are going to snap back into functionality and most likely overshoot the mean in a non-linear, disorderly way. When that happens, the best possible course of action is to not be in the path of one of the gigantic elastic forces snapping back into place at extremely high velocity. Stay out of debt, avoid counter-party risk, be diversified, and have a bug-out plan. |
| ISIS Slams "Mule Of The Jews" Obama, Demands Killing Of "Disbelievers" Especially "Filthy French" Posted: 21 Sep 2014 04:59 PM PDT Having released some 46 Turkish hostages, because "Turkey refused to agree to the US demand for 'active support of the coalition'," ISIS has come out swinging in its first 'official' statement since President Obama unveiled his 'strategy' for "degrading and destroying" them, with a call for all followers of Allah to make the coalition campaign the "last crusader campaign," and calls Obama "vile", more foolish than Bush, and a "mule of the Jews." Warning Americans and Europeans that "you will pay a great price, when your economies collapse," ISIS blasts Kerry, "the uncircumcised old geezer," for his "false arguments." The statement concludes by telling ISIS followers, "if you can kill a disbelieving American or European - especially the spiteful and filthy French - or an Australian, or a Canadian, or any other disbeliever from the disbelievers waging war, including the citizens of the countries that entered into a coalition against the Islamic State, then rely upon Allah, and kill him in any manner or way however it may be." As Al-Monitor reports, Forty-nine staff members of the Turkish Consulate in Mosul (three of whom are Iraqi nationals) who were taken hostage June 11 by the Islamic State (IS) were freed at 6:30 a.m. Sept. 20. Details of the operation are slowly emerging.
And then ISIS issues its first post-Obama Strategy statement... Select excerpts from the ISIS Statement (source): Rejection of the truth, mockery of it, belying the people of truth, using falsehood in argumentation, plots, mobilization, intimidation, enmity, and war – all this is the condition of the disbelievers concerning the truth and the followers of the messengers since ancient times. The known factors of the battle are similar throughout the ages. Theirs is a conceited and brash encampment of falsehood, which demonstrates itself to be powerful, and subduing, one that no conqueror can dominate nor any defender withstand. But the reality is they are fearful and terrified, humiliated and left with a weak plan, shaken and defeated, despite their uninhibited movement throughout the lands. Their television and satellite channels as well as their sorcerers are in a state of alert day and night. They dispute by using sorcery, falsifying events, altering realities, and duping people. They deceive, incite, mobilize, and amass against the people of truth. They display the people of falsehood in every guise of strength, ability, force, and fierceness, in desperate and failed attempts to invalidate the truth, scare its followers, and defeat them. This is the case in every age and time. ... O America, O allies of America, and O crusaders, know that the matter is more dangerous than you have imagined and greater than you have envisioned. We have warned you that today we are in a new era, an era where the State, its soldiers, and its sons are leaders not slaves. ... So mobilize your forces, O crusaders. Mobilize your forces, roar with thunder, threaten whom you want, plot, arm your troops, prepare yourselves, strike, kill, and destroy us. This will not avail you. You will be defeated. This will not avail you, for our Lord, the Mighty, the Prevailing, has promised us with our victory and your defeat. Send arms and equipment to your agents and dogs. Prepare them with the most modern equipment. Send them very much, for it will end up as war booty in our hands by Allah’s permission. You will spend it, then it will be a source of regret for you, then you will be defeated. Look at your armored vehicles, machinery, weaponry, and equipment. It is in our hands. Allah granted it to us. We fight you with it. So die in your rage. ... And O Obama, O mule of the jews. You are vile. You are vile. You are vile. And you will be disappointed, Obama. Is this all you were capable of doing in this campaign of yours? Is this how far America has reached of incapacity and weakness? Are America and all its allies from amongst the crusaders and atheists unable to come down to the ground? Have you not realized – O crusaders – that proxy wars have not availed you nor will they ever avail you? Have you not realized, O mule of the jews, that the battle cannot be decided from the air at all? Or do you think that you are smarter than Bush, your obeyed fool, when he brought the armies of the cross and placed them under the fire of the mujahidin on the ground? No, you are more foolish than him. You claimed to have withdrawn from Iraq – O Obama – four years ago. We said to you then that you were liars, that you had not withdrawn, and that if you had withdrawn that you would return, even if after some time, you would return. Here you are; you have not withdrawn. Rather you hid some of your forces behind your proxies and withdrew the rest. Your forces will return greater in number than they were before. You will return and your proxies will not avail you. And if you are not able to return, then we will come to your homeland by Allah’s permission.O mule of the jews, you claimed today that America would not be drawn to a war on the ground. No, it will be drawn and dragged. It will come down to the ground and it will be led to its death, grave, and destruction. ... O Americans, and O Europeans, the Islamic State did not initiate a war against you, as your governments and media try to make you believe. It is you who started the transgression against us, and thus you deserve blame and you will pay a great price. You will pay the price when your economies collapse. You will pay the price when your sons are sent to wage war against us and they return to you as disabled amputees, or inside coffins, or mentally ill. You will pay the price as you are afraid of travelling to any land. Rather you will pay the price as you walk on your streets, turning right and left, fearing the Muslims. You will not feel secure even in your bedrooms. You will pay the price when this crusade of yours collapses, and thereafter we will strike you in your homeland, and you will never be able to harm anyone afterwards. You will pay the price, and we have prepared for you what will pain you. ... So America and its allies rose in order to save the world from the “terrorism and barbarity of the Islamic State” as they allege. They rallied the entire global media, driving it with false arguments to delude the masses and lead them to believe that the Islamic State was the root of evil and the source of corruption, and that it was the one killing and displacing the people, arresting and murdering those who are “peaceful,” demolishing houses, destroying cities, and terrorizing the women and children who were previously safe. The media portrayed the crusaders as good, merciful, noble, generous, honorable and passionate people who feared for Islam and the Muslims the “corruption and cruelty of the khaw?rij (a deviant, extremist sect) of the Islamic State” as they allege. To the extent that Kerry, the uncircumcised old geezer, suddenly became an Islamic jurist, issuing a verdict to the people that the Islamic State was distorting Islam, that what it was doing was against Islamic teachings, and that the Islamic State was an enemy of Islam. ... The best thing you can do is to strive to your best and kill any disbeliever, whether he be French, American, or from any of their allies. {O you who have believed, take your precaution and [either] go forth in companies or go forth all together} [An-Nis?’: 71]. If you are not able to find an IED or a bullet, then single out the disbelieving American, Frenchman, or any of their allies. Smash his head with a rock, or slaughter him with a knife, or run him over with your car, or throw him down from a high place, or choke him, or poison him. Do not lack. Do not be contemptible. Let your slogan be, “May I not be saved if the cross worshipper and tagh?t (ruler ruling by manmade laws) patron survives.” If you are unable to do so, then burn his home, car, or business. Or destroy his crops. If you are unable to do so, then spit in his face. If your self refuses to do so, while your brothers are being bombarded and killed, and while their blood and wealth everywhere is deemed lawful by their enemies, then review your religion. Finally, we do not want to forget to direct a message towards our Muslim people and brothers from the Kurds in Iraq, Sh?m, and elsewhere. Our war with Kurds is a religious war. It is not a nationalistic war – we seek the refuge of Allah. We do not fight Kurds because they are Kurds. Rather we fight the disbelievers amongst them, the allies of the crusaders and jews in their war against the Muslims. As for the Muslim Kurds, then they are our people and brothers wherever they may be. We spill our blood to save their blood. The Muslim Kurds in the ranks of the Islamic State are many. They are the toughest of fighters against the disbelievers amongst their people. ... May blessings and peace be upon our prophet Muhammad, and all his family and companions. Our final call is: Praise be to Allah, Lord of the worlds! |
| Global Leading Indicator Plunges To Economic "Slowdown", Goldman Warns Posted: 21 Sep 2014 04:26 PM PDT Just two short months ago, Goldman Sachs was exuberant over the 'expansion' signals that the firm's Global Leading Indicator Swirlogram was exhibiting as it confirmed their 'economists' expectations that the Keynesian hockey-stick of hope would once again re-appear majestically in H2 2014 and lift America (and the world) to escape velocity. That dream is over. Confirming the collapse of world GDP expectations, Goldman's GLI has plunged into 'slowdown' with momentum starting to slow. Perhaps, just perhaps, as we noted previously, this time is not different and the annual cycle of extrapolating early-year hope is rapidly turning to late-year disappointment.
As Goldman explains...
Which explains this...
And confirms concerns that this time is no different, as we noted previously,
* * * Of course, if this plays out... it's 'perfect' for the Fed to extend dovish language and investors to pile on into stocks on the back of the bad news... or without QE, is Fed talk no longer enough? |
| Preparing For War On Lies To Cover Up The Economic Collapse Posted: 21 Sep 2014 03:55 PM PDT Ford demand falls and begins to cut production in Germany.Microsoft will be laying off another 2,100 employees. Caterpillar now has 21 consecutive months of decline, worse than the 2009 recession. A glitch in Obamacare will leave 1.6 million with no insurance. Confusion on who is calling the shots... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| The Fallacy Of US Dollar "Strength" Posted: 21 Sep 2014 03:48 PM PDT Submitted by Alasdair Macleod via GoldMoney.com, You'd think that the US dollar has suddenly become strong, and the chart below of the other three major currencies appears to confirm it. The US dollar is the risk-free currency for international accounting, because it is the currency on which all the others are based. And it is clear that three months ago dollar exchange rates against the three currencies shown began to strengthen notably. However, each of the currencies in the chart has its own specific problems driving it weaker. The yen is the embodiment of financial kamikaze, with the Abe government destroying it through debasement as a cover-up for a budget deficit that is beyond its control. The pound had been poleaxed by the Scotish independence campaign, plus an ongoing deferral of interest rate expectations. And the euro sports negative deposit rates in the belief they will cure the Eurozone's gathering slump, which if it develops unchecked will threaten the stability of Europe's banks. So far this has been mainly a race to the bottom, with the dollar on the side-lines. The US economy, which is officially due to recover (as it has been expected to every year from 2008) looks like it's still going nowhere. Indeed, if you apply a more realistic deflator than the one that is officially calculated, there is a strong argument that the US has never recovered since the Lehman crisis. This is the context in which we must judge what currencies are doing. And there is an interpretation which is very worrying: we may be seeing the beginnings of a major flight out of other currencies into the dollar. This is a risk because the global currency complex is based on a floating dollar standard and has been since President Nixon ended the Bretton Woods agreement in 1971. It has led to a growing accumulation of currency and credit everywhere that ultimately could become unstable. The relationship between the dollar and other currencies is captured vividly in the illustration below. The gearing of total world money and credit on today's monetary base is forty times, but this is after a rapid expansion of the Fed's balance sheet in recent years. Compared with the Fed's monetary base before the Lehman crisis, world money is now nearly 180 times geared, which leaves very little room for continuing stability. It may be too early to say this inverse pyramid is toppling over, because it is not yet fully confirmed by money flows between bond markets. However in the last few days Eurozone government bond yields have started rising. So far it can be argued that they have been over-valued and a correction is overdue. But if this new trend is fuelled by international banks liquidating non-US bond positions we will certainly have a problem. We can be sure that central bankers are following the situation closely. Nearly all economic and monetary theorists since the 1930s have been preoccupied with preventing self-feeding monetary contractions, which in current times will be signalled by a flight into the dollar. The cure when this happens is obvious to them: just issue more dollars. This can be easily done by extending currency swaps between central banks and by coordinating currency intervention, rather than new rounds of plain old QE. So far market traders appear to have been assuming the dollar is strong for less defined reasons, marking down key commodities and gold as a result. However, the relationship between the dollar, currencies and bond yields needs watching as they may be beginning to signal something more serious is afoot. |
| Royal Mint's tip for investors: go for gold Posted: 21 Sep 2014 03:33 PM PDT Royal Mint encouraging people to become gold investors by opening its services to the general public with a new trading website     This posting includes an audio/video/photo media file: Download Now |
| The PetroYuan Cometh: China Docks Navy Destroyer In Iran's Strait Of Hormuz Port Posted: 21 Sep 2014 01:35 PM PDT Since China fired its first 'official' shot across the Petrodollar bow a year ago, there has been an increasing groundswell of de-dollarization across the world's energy trade (despite Washington's exclamations of 'isolated' non-dollar transactors). The rise of the PetroYuan has not been far from our headlines in the last year, with China increasingly leveraging its rise as an economic power and as the most important incremental market for hydrocarbon exporters, in the Persian Gulf and the former Soviet Union, to circumscribe dollar dominance in global energy - with potentially profound ramifications for America’s strategic position. And now, as AP reports, for the first time in history, China has docked a Navy Destroyer in the Southern Iranian port of Bandar-Abbas - right across the Straits of Hormuz from 'US stronghold-for-now' Bahrain and UAE.
The rise of the PetroYuan has not been far from our headlines in the last year:
And now, as AP reports, for the first time in history, China has docked a Navy Destroyer in a Southern Iranian port of Bandar-Abbas - right across the Straits of Hormuz from 'US stronghold-for-now' Bahrain and UAE.
* * * Here's why it matters...
* * *
Looking ahead, use of renminbi to settle international hydrocarbon sales will surely increase, accelerating the decline of American influence in key energy-producing regions. It will also make it marginally harder for Washington to finance what China and other rising powers consider overly interventionist foreign policies—a prospect America’s political class has hardly begun to ponder. |
| Two Estimations of Chinese Gold Demand Posted: 21 Sep 2014 01:33 PM PDT  |
| New Gold Fix Planned By LBMA In Desperate Attempt To Maintain Status Quo Posted: 21 Sep 2014 01:15 PM PDT The London Bullion Market Association (LBMA) is quietly planning its new gold fix in a desperate attempt to maintain the status quo.
Queen Elizabeth Surveys Gold Bars in Bank of England Vaults Reuters reported Friday that according to the LBMA, there are at least 15 companies interested in running the upcoming replacement to the London 'Gold Fixing' auction. Like the recently introduced replacement to the 'Silver Fixing' which is now being run by the CME Group and Thomson Reuters, the LBMA has appointed itself as the coordinator for a new London Gold Price auction and is currently soliciting Requests for Proposals (RfPs) from interested parties. When the new silver fixing auction was being debated in the summer, the World Gold Council (WGC) took the initiative and organised a conference of gold market participants including miners and refiners to work out the key features of a new gold price auction. This WGC initiative appears to have been shot down by the LBMA who felt threatened that a gold mining representative organisation was muscling in on the London gold 'price discovery' mechanism. In advance of the LBMA choosing the winning bid, which may well be CME Group/Thomson Reuters again, the LBMA will be holding another seminar for 'market participants' that will feature presentations from the short-listed candidates. As per a similar LBMA Silver Price seminar that was held in June, the upcoming LBMA gold price seminar will no doubt include various concerned regulators attending as 'observers' such as the Bank of England and the Financial Conduct Authority (FCA), as well as the International Swaps and Derivatives Association (ISDA). ISDA will be concerned about how 'price discovery' in the new LBMA Gold Price auction will impact the huge outstanding pile of gold price related derivatives that ISDA coordinates. Since gold is a monetary metal and is strategic as the basis of all fiat currencies, the Bank of England will no doubt be sending senior representatives to the seminar to protect the Bank's interests. And since trade 'clearing' of the phenomenally large volume of loco London unallocated account gold fixing trades is so important for the six bullion bank members of London Precious Metals Clearing Limited, it will be a given that HSBC, JP Morgan, Deutsche Bank, Barclays, ScotiaMocatta and UBS will attend the LBMA seminar in an attempt to preserve the City of London's unallocated account clearing status quo. LBMA Gold and Silver Forward Curves Withdrawn From Next Monday (22nd September 2014) Therefore, today is the last business day that this long dated forward pricing data will be supplied by the LBMA. Forward trades are over the counter trades where the two participants agree to buy/sell gold or silver now and sell/buy it back at a later date, usually with one leg of the trade being gold or silver and the other leg being US dollars. Since the LME will no longer have this data, they cannot price forward trades and so cannot provide a clearing service for London gold forwards since they will not have pricing data to 'mark to market' any outstanding gold forwards for their clients. This forward curve data had been supplied by the eight LBMA forward market makers since 2009, and then by seven market makers after Deutsche Bank dropped out earlier this year. The CME Group also provides a clearing service for gold forwards and it is unclear how the cessation of the pricing data to the LME might affect the CME's service. The CME Group was recently appointed by the LBMA to be the calculation agent and platform provider for the new LBMA Silver Price. Shorter term gold forward data, in the form of Gold Forward Offered rates (GOFO) will continue to be supplied by the forward market makers and published by the LBMA. Therefore, the gold/silver forwards decision by the LBMA and its associated Market Makers will not affect (GOFO) data. GOFO data will still, for the time being, be published in London each business day at 11am.
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| CURRENCY WAR! China & Russia Economic Warfare Against U.S! Posted: 21 Sep 2014 12:39 PM PDT The Currency War is red hot at the moment with weekly reports of China in particular fuelling the rhetoric of ending U.S. Dollar hegemony. Russia has also been very active at this talk, stating they will be diversifying out of the U.S. Dollar and into safer investments. They have been... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Despite Pressure, Is Silver Ready To Turn Mega-Bullish? Posted: 21 Sep 2014 11:17 AM PDT  Today KWN is putting out a special piece which features three must-see chart which show that despite pressure, the silver market may finally ready to turn mega-bullish. These are charts that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us this key chart that all KWN readers around the world need to see.This posting includes an audio/video/photo media file: Download Now |
| Hugo Salinas Price: The tribute the world pays to the empire Posted: 21 Sep 2014 11:08 AM PDT 2:10p ET Sunday, September 21, 2014 Dear Friend of GATA and Gold: In his latest commentary Hugo Salinas Price, president of the Mexican Civic Association for Silver, explains how foreign exchange surpluses kept in the bonds of countries that issue reserve currencies are actually the tax or tribute lesser countries pay to the empires that dominate them. Countries that hold such bonds in exchange for their exports have not really been paid and never will be paid, Salinas Price writes. In the old days, he adds, exporting nations could be paid by exchanging fiat currencies for gold. His commentary is headlined "The Tribute the World Pays to the Empire" and it's posted at the civic association's Internet site, Plata.com, here: http://plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=249 CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Silver mining stock report comes with 1-ounce silver round Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit: Join GATA here: Canadian Investor Conference http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-... New Orleans Investment Conference https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520... Mines and Money London http://www.minesandmoney.com/london/ * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| 2015 Market Collapse then New World Order ? Posted: 21 Sep 2014 10:44 AM PDT A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| ISIS Captures Millions of Dollars, Gold Ingots, Stashed at Former Iraqi Parliament Speaker's Home Posted: 21 Sep 2014 07:09 AM PDT A video posted on the Internet on September 21, shows millions of dollars in cash as well as gold ingots allegedly captured by ISIS in the home of former Iraqi Parliament Speaker Osama Al-Nujayfi. In the video, an unidentified ISIS member warns Al-Nujayfi that "just like we took your money, we... [[ This is a content summary only. Visit http://www.GoldSilverNewsBlog.com or http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Gold Investors Weekly Review – September 19th Posted: 21 Sep 2014 04:18 AM PDT In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week's strengths, weaknesses, opportunities and threats in the gold market. Gold closed the week at $1,216.98 down $12.76 per ounce (-1.04%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 5.44%. The U.S. Trade-Weighted Dollar Index rose 0.63% for the week. Gold Market StrengthsChina officially opened the Shanghai Free Gold Exchange on Thursday. By giving foreign investors direct access to its gold market for the first time, China is seeking to obtain more influence over prices while simultaneously boosting the global use of its currency, the yuan. In addition to the deregulation of the gold market in Shanghai, Hong Kong's Chinese Gold and Silver Exchange Society was given permission to set up a precious metals vault in Shenzhen this week. The continued deregulation of the gold market by the world's largest consumer is a huge boost to the precious metal. In the first eight months of this year, Shanghai imported $15.98 billion of gold, a staggering indicator of demand in China. Furthermore, last Thursday, two tonnes of gold was imported into Shanghai, indicating that gold imports into the city are not slowing down. China is planning on boosting its gold reserves. The country's reserves, a mere 1.1 percent of total reserves, have plenty of room to grow if when compared to nations such as the United States and Germany, which hold roughly 70 percent of their reserves as gold. The increase in gold demand from Chinese central bank purchases should place upward pressure on gold prices. Gold Market WeaknessesDespite historically being the best month for gold, September has shown nothing but declining gold prices. The typical increase in demand from India due to the festival season appears to be overshadowed by the extraordinary strength of the U.S. dollar and its negative effect on gold prices. Gold traders have become the most bearish in three months, according to a survey from Bloomberg. The poor market sentiment is the result of the Federal Reserve lifting its median estimate for the Federal Funds rate by the end of 2015. The ratio between gold prices and global equities, as measured by the MSCI ACWI, has declined to its lowest level since September 2008. The low point is due to the unusual headwinds for gold as of late and the continued strength of equities. It will be interesting to see if the strength in equities continues in the near future.
Gold Market OpportunitiesDespite overall market sentiment favoring equities, George Soros has decided to bet on gold. Soros increased his bearish position in equities by 605 percent last quarter. The world famous investor did double down his position on gold mining ETFs, while also adding many gold companies.
Gold Market ThreatsThe recent record performance of the S&P 500 is painting an incomplete picture of current market conditions. Roughly 47 percent and 40 percent of stocks in the Nasdaq Composite (CCMP) Index and the Russell 2000 Index, respectively, are experiencing a bear market. The divergence between large-cap and small-cap stocks points out significant threats in the market, painting a much darker picture for future performance. Higher bond yields and the continued strength of the dollar, continue to create headwinds for gold. Although the dollar is in store for a reversal soon, higher yields could persist as investors continue to consider the coming rate rises. Deutsche Bank notes that, due to the recent poor performance of gold, households in India will begin to move toward financial investments and away from physical investments. The bank sees the attractiveness of financial savings through bank deposits, mutual funds and insurance increasing in the future.
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| Don’t Be a Freedom Wimp: Live from the Casey Research Summit in San Antonio Posted: 21 Sep 2014 03:03 AM PDT On Day Two of the Casey Research Summit in San Antonio, the emphasis was decidedly on the “deep state,” as Doug Casey termed it: what it is, what it’s doing, and how to thrive despite its ubiquitous reach. The deep state begins with government, an institution Doug describes as intrinsically evil and destructive. That’s because it’s empowered by enforced coercion—one of only two ways in which humans interact with one another (the alternative being voluntary cooperation). But the deep state is more. It’s not only the massive, prying, regulating apparatus of the federal government, but also the corporate structure that depends on government largess, and the lapdogs in the media and academic community that serve to perpetuate its message. All of these elements are held together with money and propaganda, and they combine to deny the vast majority of citizens true freedom. Doug described America’s “top dogs”—a few thousand elites who all know each other. They went to the same schools, belong to the same clubs, socialize amongst themselves, and scratch each other’s backs. No conspiracy needed. They all know exactly what to do to maintain their position without being told. It’s a closed party, and as Doug said, “We ain’t invited.” Below the top dogs are the running dogs: police, military, politicians, and upper-level government and corporate functionaries who grease the wheels for those at the top. And below them are all the rest. Most are little better than whipped dogs, in Doug’s view. There’s one more group, comprised of those who aren’t members of the exclusive club but refuse to occupy either of the other categories. These are the ones who value freedom above all else. Arizona defense attorney Marc Victor is one of them. The most passionate and exciting of speakers, Marc began by characterizing the state as an artificial construct solely intended to let some people boss other people around. He challenged his audience to work for a freer country by practicing freedom. To him, that means championing the right of each citizen to rule his own life—including to peacefully do or say that which you personally oppose. Freedom must be defended at the margins; otherwise it’s not freedom. No one is against free speech on noncontroversial subjects. But if the worst of speech is not protected, then the definition of what must be censored will continually expand until it can include virtually anything. Go out on a limb, Marc counseled. “Don’t be a freedom wimp.” Doug’s talk was actually titled “How Whipped Dogs Can Profit from the Coming Collapse of Civilization,” but at the end, he admitted it was a trick question, as the answer is, “They can’t.” Yet everyone could profit if Doug’s seven steps to reform the system somehow came to pass:
When a structure is about to collapse, “it’s much wiser to do a controlled demolition” than to let it take everyone by surprise. Doug does admit that such radical changes, however sorely needed, are unlikely to be made. But he, like many other speakers, is not without hope. “Science and saving” can yet save the day, he said. John Mauldin echoed that sentiment during “The Age of Transformation,” a fascinating, lightning-quick tour through cutting-edge technology. Given the geometric progression of innovation in medicine, manufacturing, communication, energy, and many other fields, the future is going to be brighter than we can even imagine. Nick Giambruno of International Man used his time to lay out a series of practical suggestions on how to minimize your exposure to the predations of the deep state through internationalization of assets, citizenship, business, and physical and online presence. And leave it to our own chief economist Bud Conrad to eloquently sum up why some continue to oppose the deep state rather than getting out of Dodge. Bud just put up photographs of his grandchildren. [Note: This was written before our Saturday night banquet and the eagerly anticipated keynote speech by gadfly and über-muckraker Alex Jones of Prison Planet. I will be covering his talk in my write-up of Day Three.] If you’d like to hear these and all of the other great presentations given here at the Summit, be sure to order the complete audio collection and get every presentation on CD or in MP3 format. They’re still available at a significant discount, so don’t hesitate to take advantage of this great offer to receive all presentations and associated slides. Doug Hornig |
| Long Term Gold Price Chart with Retracements Posted: 21 Sep 2014 01:26 AM PDT Our friend Lenny sent the patrons of the café a long term gold chart that is quite interesting We have certainly been through the ups and downs of these markets together, It shows the strong support at 1180, and the longer term trend line that works on a logarithmic chart. |
Since 
from 
Daily Bell: Good to speak with you again, Andy. What’s new with you?
There is a chart that every silver investor needs to see. Especially now, as the Fed and Central Banks continue to manipulate the precious metals lower while propping up the broader stock and bond markets. Even though precious metals sentiment is at record lows, this normally represents a turning point in the gold and silver markets.
At the Americans United rally "Hands Off Social Security & Medicare" at the Capitol on Thursday, House Minority Leader Nancy Pelosi (D-Calif.) blamed Republicans for the economic 
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