Gold World News Flash |
- Gold Deficits, Fort Knox, and a Reset
- Biological Men Can Now Compete against Women in the Olympics by Claiming They’re Women
- Max Keiser Endorses Donald Trump
- Big Companies, Huge Problems
- Bundesbank Gold Repatriation Update: 366 Tons and Counting…
- Circus Politics: Will Our Freedoms Survive Another Presidential Election?
- Gold Price is Ready to Rumble, You Ought to be Buying Silver and Gold
- Germany Has Repatriated Over 366 Tonnes Of Gold From New York And Paris
- How The Rothschilds Made America Into Their Private Tax Fraud Backyard
- The Empire Has No Clothes
- A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover Venture Capital Losses
- CIA Insider Tosh Plumlee on The Alex Jones Show (1-27-16)
- Red Ponzi Ticking
- What You Must Know about the Oregon Militia Psyops
- Gold Daily and Silver Weekly Charts - Continuing Flight to Safety
- This Bear Market Is No Grizzly From Hell… Yet
- ALEX JONES GOES ON A GLENN BECK RANT
- Cyber Warfare Red Alert -- Israel's Power Grid hit by Hack Attack
- American Economy is Dead because of Debt
- Five of six brokers in LIBOR trial acquitted by London jury
- OMG: Scotiabank sought China gold demand presentation by Koos Jansen
- The Populist Revolution: Bernie Sanders and Beyond
- Ronan Manly: Bundesbank keeps withholding critical gold information
- China To Stop Publishing SGE Gold Withdrawals
- Peter Boehringer: Bundesbank increases pace of German gold repatriation
- Two-Term Presidents and U.S. Stocks
- War on Whistleblowers - Trailer
- Wednesday Morning Links
- Gold and Silver - There's Something Worse than Having a "Losing Position"
- OPEC Begs Russia to Cut Oil Output as Deflation Market Price Hurting Economy!
| Gold Deficits, Fort Knox, and a Reset Posted: 27 Jan 2016 11:01 PM PST Everyone knows that government expenses and deficits are out of control. Think U.S., Europe, the U.K., Japan, and others. So what? Borrowing today supposedly brings spending forward from the... {This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!}    | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Biological Men Can Now Compete against Women in the Olympics by Claiming They’re Women Posted: 27 Jan 2016 11:00 PM PST by J. D. Heyes, Natural News:
That’s right. As noted by Breitbart News, all male Olympians have to do is declare that they’re women, and get some medical treatments that will allow them to reduce their testosterone levels to under 10 nmol/L for at least 12 months, before they will be permitted to compete. And then they’ll be able to take on the real female athletes. But wait. As they say, there’s more: As per transgender guidelines recently OK’ed by the International Olympic Committee, formerly male athletes won’t have to go through the expense of losing their “parts,” so to speak. “To require surgical anatomical changes as a pre-condition to participation is not necessary to preserve fair competition and may be inconsistent with developing legislation and notions of human rights,” states the committee’s rule. Denying the obvious truthsPerfect. The policy change was originally reported by Cyd Zeilger at OutSports.com. The rule change comes from a November meeting held by the committee called, “Consensus Meeting on Sex Reassignment and Hyperandrogenism,” where members crafted new guidelines for sexually uncertain competitors. Rules adopted in 2004 allowing transgender competitors into the historic games were loosened; they initially required such athletes to undergo changes in genitalia and removal of gonads, as well as the recognition of their official changed sex status by appropriate authorities. IOC members tried to justify their rule changes through citation of the acceptance by various [mostly Western] societies of gender identities that are in flux. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Max Keiser Endorses Donald Trump Posted: 27 Jan 2016 09:00 PM PST from The Alex Jones Channel: Alex Jones talks with expert economist Max Keiser about the current state of the American dollar as well as the Russian Ruble. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Jan 2016 08:40 PM PST by John Rubino, Dollar Collapse:
Caterpillar warns equipment sales still falling (CNBC) – Caterpillar saw retail sales of machinery fall 16 percent worldwide for the three-month period ended in December, the construction and mining equipment company said on Wednesday. Caterpillar, which is due to report earnings on Thursday, has been pressured by the global slowdown in the energy and mining industries.
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| Bundesbank Gold Repatriation Update: 366 Tons and Counting… Posted: 27 Jan 2016 07:20 PM PST by Ronan Manly, Bullion Star:
Deutsche Bundesbank has just released a progress report on its gold bar repatriation programme for 2015 – "Frankfurt becomes Bundesbank's largest gold storage location". During the calendar year to December 2015, the Bundesbank claims to have transported 210 tonnes of gold back to Frankfurt, moving circa 110 tonnes from Paris to Frankfurt, and just under 100 tonnes from New York to Frankfurt. As a reminder, the Bundesbank is engaged in an unusual multi-year repatriation programme to transport 300 tonnes of gold back to Frankfurt from the vaults of the Federal Reserve Bank of New York (FRBNY), and simultaneously to bring 374 tonnes of gold back to Frankfurt from the vaults of the Banque de France in Paris. This programme began in 2013 and is scheduled to complete by 2020. I use the word 'unusual' because the Bundesbank could technically transport all 674 tonnes of this gold back to Frankfurt in a few weeks or less if it really wanted to, so there are undoubtedly some unpublished limitations as to why the German central bank has not yet done so.
Given the latest update from the German central bank today, the geographic distribution of the Bundesbank gold reserves is now as follows, with the largest share of the German gold now being stored domestically:
In January 2013, prior to the commencement of the programme, the geographical distribution of the Bundesbank gold reserves was 1,536 tonnes or 45% at the FRBNY, 374 tonnes or 11%, at the Banque de France, 445 tonnes or 13% at the Bank of England, and 1036 tonnes or 31% in Frankfurt. The latest moves now mean that over 3 years from January 2013 to December 2015, the Bundesbank has retrieved 366 tonnes of gold back to home soil (189 tonnes from New York (5 tonnes in 2013, 85 tonnes in 2014, and between 99-100 tonnes in 2015), as well as 177 tonnes from Paris (32 tonnes in 2013, 35 tonnes in 2014, and 110 tonnes in 2015)). The latest transfers still leave 110 tonnes of gold to shift out of New York in the future and 196.4 tonnes to move the short distance from Paris to Frankfurt. In the first year of operation of the repatriation scheme during 2013, the Bundesbank transferred a meagre 37 tonnes of gold in total to Frankfurt, of which a tiny 5 tonnes came from the FRBNY, and only 32 tonnes from Paris. Whatever those excessive limitations were in 2013, they don't appear to be so constraining now. In 2014, 85 tonnes were let out of the FRBNY and 35 tonnes made the trip from Paris. See Koos Jansen's January 2015 blog titled "Germany Repatriated 120 Tonnes Of Gold In 2014" for more details on the 2014 repatriation. Those who track the "Federal Reserve Board Foreign Official Assets Held at Federal Reserve Banks" foreign earmarked gold table may notice that between January 2015 and November 2015 , circa 4 million ounces, or 124 tonnes of gold, were withdrawn from FRB gold vaults. Given that the Bundesbank claims to have moved 110 tonnes from New York during 2015, this implies that there were also at least 14 tonnes of other non-Bundesbank withdrawals from the FRB during 2015. Unless of course the other gold was withdrawn from the FRB, shipped to Paris, and then became part of the Paris withdrawals for the account of the Bundesbank. The FRB will again update its foreign earmarked gold holdings table this week with December 2015 withdrawals (if any), which may show an even larger non-Bundesbank gold delta for year-end 2015. Notably, the latest press release today does not mention whether any of the gold withdrawn from the FRBNY was melted down / recast into Good Delivery bars. Some readers will recall that the Bundesbank's updates for 2013 and 2014 did refer to such bar remelting/recasting events. Today's press release does however include some 'assurances' from the Bundesbank about the authenticity and quality of the returned bars: "The Bundesbank assures the identity and authenticity of German gold reserves throughout the transfer process – from when they are removed from the storage locations abroad until they are stored in Frankfurt am Main. Once they arrive in Frankfurt am Main, all the transferred gold bars are thoroughly and exhaustively inspected and verified by the Bundesbank. When all the inspections of transfers to date had been concluded, no irregularities came to light with regard to the authenticity, fineness and weight of the bars." This above paragraph in today's press release was actually lifted wholesale from the Bundesbank's gold repatriation press release dated 19 January 2015 , minus one key sentence: "The Bundesbank assures the identity and authenticity of German gold reserves throughout the transfer process – from when they are removed from warehouses abroad until they are stored in Frankfurt am Main. As soon as the gold was removed from the warehouse locations abroad, Bundesbank employees cross-checked the lists of bars belonging to the Bundesbank against the information on the bars removed. Finally, once they arrived in Frankfurt am Main, all the transferred gold bars were thoroughly and exhaustively inspected and verified by the Bundesbank. When all the inspections had been concluded, no irregularities came to light with regard to the authenticity, fineness and weight of the bars." So, was there no list of bars this time around? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Circus Politics: Will Our Freedoms Survive Another Presidential Election? Posted: 27 Jan 2016 07:00 PM PST Submitted by John Whitehead via The Rutherford Institute,
Adding yet another layer of farce to an already comical spectacle, the 2016 presidential election has been given its own reality show. Presented by Showtime, The Circus: Inside the Greatest Political Show on Earth will follow the various presidential candidates from now until Election Day. As if we need any more proof that politics in America has been reduced to a three-ring circus complete with carnival barkers, acrobats, contortionists, jugglers, lion tamers, animal trainers, tight rope walkers, freaks, strong men, magicians, snake charmers, fire eaters, sword swallowers, knife throwers, ringmasters and clowns. Truly, who needs bread and circuses when you have the assortment of clowns and contortionists that are running for the White House? No matter who wins the presidential election come November, it’s a sure bet that the losers will be the American people. Despite what is taught in school and the propaganda that is peddled by the media, the 2016 presidential election is not a populist election for a representative. Rather, it’s a gathering of shareholders to select the next CEO, a fact reinforced by the nation’s archaic electoral college system. Anyone who believes that this election will bring about any real change in how the American government does business is either incredibly naïve, woefully out-of-touch, or oblivious to the fact that as an in-depth Princeton University study shows, we now live in an oligarchy that is “of the rich, by the rich and for the rich.” When a country spends close to $5 billion to select what is, for all intents and purposes, a glorified homecoming king or queen to occupy the White House, while 46 million of its people live in poverty, nearly 300,000 Americans are out of work, and more than 500,000 Americans are homeless, that’s a country whose priorities are out of step with the needs of its people. As author Noam Chomsky rightly observed, “It is important to bear in mind that political campaigns are designed by the same people who sell toothpaste and cars.” In other words, we’re being sold a carefully crafted product by a monied elite who are masters in the art of making the public believe that they need exactly what is being sold to them, whether it’s the latest high-tech gadget, the hottest toy, or the most charismatic politician. As political science professor Gene Sharp notes in starker terms, “Dictators are not in the business of allowing elections that could remove them from their thrones.” To put it another way, the Establishment—the shadow government and its corporate partners that really run the show, pull the strings and dictate the policies, no matter who occupies the Oval Office—are not going to allow anyone to take office who will unravel their power structures. Those who have attempted to do so in the past have been effectively put out of commission. So what is the solution to this blatant display of imperial elitism disguising itself as a populist exercise in representative government? Stop playing the game. Stop supporting the system. Stop defending the insanity. Just stop. Washington thrives on money, so stop giving them your money. Stop throwing your hard-earned dollars away on politicians and Super PACs who view you as nothing more than a means to an end. There are countless worthy grassroots organizations and nonprofits working in your community to address real needs like injustice, poverty, homelessness, etc. Support them and you’ll see change you really can believe in in your own backyard. Politicians depend on votes, so stop giving them your vote unless they have a proven track record of listening to their constituents, abiding by their wishes and working hard to earn and keep their trust. Stop buying into the lie that your vote matters. Your vote doesn’t elect a president. Despite the fact that there are 218 million eligible voters in this country (only half of whom actually vote), it is the electoral college, made up of 538 individuals handpicked by the candidates’ respective parties, that actually selects the next president. The only thing you’re accomplishing by taking part in the “reassurance ritual” of voting is sustaining the illusion that we have a democratic republic. What we have is a dictatorship, or as political scientists Martin Gilens and Benjamin Page more accurately term it, we are suffering from an “economic élite domination.” Of course, we’ve done it to ourselves. The American people have a history of choosing bread-and-circus distractions over the tedious work involved in self-government. As a result, we have created an environment in which the economic elite (lobbyists, corporations, monied special interest groups) could dominate, rather than insisting that the views and opinions of the masses—“we the people”—dictate national policy. As the Princeton University oligarchy study indicates, our elected officials, especially those in the nation’s capital, represent the interests of the rich and powerful rather than the average citizen. As such, the citizenry has little if any impact on the policies of government. We allowed our so-called representatives to distance themselves from us, so much so that we are prohibited from approaching them in public, all the while they enjoy intimate relationships with those who can pay for access—primarily the Wall Street financiers. There are 131 lobbyists to every Senator, reinforcing concerns that the government represents the corporate elite rather than the citizenry. We said nothing while our elections were turned into popularity contests populated by individuals better suited to be talk-show hosts rather than intelligent, reasoned debates on issues of domestic and foreign policy by individuals with solid experience, proven track records and tested integrity. We turned our backs on things like wisdom, sound judgment, morality and truth, shrugging them off as old-fashioned, only to find ourselves saddled with lying politicians incapable of making fair and impartial decisions. We let ourselves be persuaded that those yokels in Washington could do a better job of running this country than we could. It’s not a new problem. As former Senator Joseph S. Clark Jr. acknowledged in a 1955 article titled, “Wanted: Better Politicians”: “[W]e have too much mediocrity in the business of running the government of the country, and it troubles me that this should be so at a time of such complexity and crisis… Government by amateurs, semi-pros, and minor-leaguers will not meet the challenge of our times. We must realize that it takes great competence to run a country which, in spite of itself, has succeeded to world leadership in a time of deadly peril.” We indulged our craving for entertainment news at the expense of our need for balanced reporting by a news media committed to asking the hard questions of government officials. The result, as former congressman Jim Leach points out, leaves us at a grave disadvantage: “At a time when in-depth analysis of the issues of the day has never been more important, quality journalism has been jeopardized by financial considerations and undercut by purveyors of ideology who facilely design news, like clothes, to appeal to a market segment.” We bought into the fairytale that politicians are saviors, capable of fixing what’s wrong with our communities and our lives, when in fact, most politicians lead such sheltered lives that they have no clue about what their constituents must do to make ends meet. As political scientists Morris Fiorina and Samuel Abrams conclude, “In America today, there is a disconnect between an unrepresentative political class and the citizenry it purports to represent. The political process today not only is less representative than it was a generation ago and less supported by the citizenry, but the outcomes of that process are at a minimum no better.” We let ourselves be saddled with a two-party system and fooled into believing that there’s a difference between the Republicans and Democrats, when in fact, the two parties are exactly the same. As one commentator noted, both parties support endless war, engage in out-of-control spending, ignore the citizenry’s basic rights, have no respect for the rule of law, are bought and paid for by Big Business, care most about their own power, and have a long record of expanding government and shrinking liberty. Then, when faced with the prospect of voting for the lesser of two evils, many simply compromise their principles and overlook the fact that the lesser of two evils is still evil. Perhaps worst of all, we allowed the cynicism of our age and the cronyism and corruption of Beltway politics to discourage us from believing that there was any hope for the American experiment in liberty. Granted, it’s easy to become discouraged about the state of our nation. We’re drowning under the weight of too much debt, too many wars, too much power in the hands of a centralized government, too many militarized police, too many laws, too many lobbyists, and generally too much bad news. It’s harder to believe that change is possible, that the system can be reformed, that politicians can be principled, that courts can be just, that good can overcome evil, and that freedom will prevail. So where does that leave us? Benjamin Franklin provided the answer. As the delegates to the Constitutional Convention trudged out of Independence Hall on September 17, 1787, an anxious woman in the crowd waiting at the entrance inquired of Franklin, “Well, Doctor, what have we got, a republic or a monarchy?” “A republic,” Franklin replied, “if you can keep it.” What Franklin meant, of course, is that when all is said and done, we get the government we deserve. A healthy, representative government is hard work. It takes a citizenry that is informed about the issues, educated about how the government operates, and willing to make the sacrifices necessary to stay involved, whether that means forgoing Monday night football in order to attend a city council meeting or risking arrest by picketing in front of a politician’s office. Most of all, it takes a citizenry willing to do more than grouse and complain. We must act—and act responsibly—keeping in mind that the duties of citizenship extend beyond the act of voting. The powers-that-be want us to believe that our job as citizens begins and ends on Election Day. They want us to believe that we have no right to complain about the state of the nation unless we’ve cast our vote one way or the other. They want us to remain divided over politics, hostile to those with whom we disagree politically, and intolerant of anyone or anything whose solutions to what ails this country differ from our own. What they don’t want us talking about is the fact that the government is corrupt, the system is rigged, the politicians don’t represent us, the electoral college is a joke, most of the candidates are frauds, and, as I point out in my book Battlefield America: The War on the American People, we as a nation are repeating the mistakes of history—namely, allowing a totalitarian state to reign over us. Former concentration camp inmate Hannah Arendt warned against this when she wrote, “No matter what the specifically national tradition or the particular spiritual source of its ideology, totalitarian government always transformed classes into masses, supplanted the party system, not by one-party dictatorships, but by mass movement, shifted the center of power from the army to the police, and established a foreign policy openly directed toward world domination.” Clearly, “we the people” have a decision to make. Do we simply participate in the collapse of the American republic as it degenerates toward a totalitarian regime, or do we take a stand at this moment in history and reject the pathetic excuse for government that is being fobbed off on us? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price is Ready to Rumble, You Ought to be Buying Silver and Gold Posted: 27 Jan 2016 06:07 PM PST
Let's focus on the GOLD PRICE, because silver is the follower right now. It reached up and touched the downtrend line from the October 2012 high. Nearly reached the 200 DMA at $1,133.64, but not quite. Expect the price of gold to show itself strong tomorrow. Very strong. Maybe strong enough for the Nice Government Men -- bless their tinted-window white Plymouths! -- to want to hit gold on the head. Doesn't matter, the gold price is ready to rumble. Y'all have had your signal: you ought to be buying silver and gold. Again today the Fed illustrated its ability to roil markets. With the usual mumbling the Fed blew hot and cold out of both sides of its mouth. Stocks had held up well until the Fed statement at 2:00, when a giant vacuum cleaner hose snaked up out of the Earth's Core and began sucking them down. Dow lost 222.77 (1.38%) to 15,944.46, casting any rally in doubt. S&P500 dropped 20.68 (1.09%) to 1,882.95. Bad, bad juju, Janet. You ought to just keep your mouth closed. US dollar index also hit the skids, dropping through the bottom boundary of that rising wedge (bad, bad) and closing at 98.95, barely above its 50 DMA (98.89) but below the 20 DMA (98.97). This is not yet fatal, but another 20 basis points and it will be. Euro rose 02.24% and may have broken out upwards, but the Yen dropped 0.2%. Go figure. That central bank socialism really works, don't it? Just like a rattan steam engine. Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2016, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Germany Has Repatriated Over 366 Tonnes Of Gold From New York And Paris Posted: 27 Jan 2016 05:47 PM PST Submitted by Ronan Manly of BullionStar Update on Bundesbank Gold Repatriation 2015 Deutsche Bundesbank has just released a progress report on its gold bar repatriation programme for 2015 – "Frankfurt becomes Bundesbank's largest gold storage location". During the calendar year to December 2015, the Bundesbank claims to As a reminder, the Bundesbank is engaged in an unusual multi-year Given the latest update from the German central bank today, the
In January 2013, prior to the commencement of the programme, the The latest moves now mean that over 3 years from January 2013 to In the first year of operation of the repatriation scheme during Those who track the "Federal Reserve Board Foreign Official Assets Held at Federal Reserve Banks" foreign earmarked gold table Notably, the latest press release today does not mention whether any Today's press release does however include some 'assurances' from the "The Bundesbank assures the identity But why the need to for such a general comment on the quality of the
Limited HangoutThis bring us to an important point. Beyond the Bundesbank's There is also no explanation from the Bundesbank as to why these 100 The crucial questions to ask in my view are where the repatriated In essence, all of these updates from Frankfurt could be termed For example, in October 2015, the Bundesbank released a partial Hello Bundesbank Press Office, Regarding the gold bar list published by the Bundesbank yesterday (07 October https://www.bundesbank.de/Redaktion/EN/Topics/2015/2015_10_07_gold.html), could Bundesbank bar list:https://www.bundesbank.de/Redaktion/EN/Downloads/Topics/2015_10_07_gold.pdf?__blob=publicationFile From the London Good Delivery Rules, the following attributes are required on LGD bars http://www.lbma.org.uk/good-delivery-rules "Marks: Serial number (see additional comments in section 7 of the GDL Rules) Assay stamp of refiner Fineness (to four significant figures) Year of manufacture (see additional comments in section 7 of the GDL Rules)" "The marks should include Best Regards, Ronan Manly
The Bundesbank actually sent back two similar replies t the above email: Answer 1: "Dear Mr Manly, Thank you for your query. Information Yours sincerely, DEUTSCHE BUNDESBANK Communication
Answer 2: "Dear Mr Manly, The crucial data for storage and Yours sincerely, DEUTSCHE BUNDESBANK Communication
Even the large gold ETFs produce detailed weight lists of their bar For additional Bundesbank's prevarications on its gold bars, please see my blog "The Keys to the Gold Vaults at the New York Fed – Part 3: 'Coin Bars', 'Melts' and the Bundesbank" in a section titled "The Curious Case of the German Bundesbank". Finally, see BullionStar guest post from 8 October 2015 by Peter Boehringer, founder of the 'Repatriate our Gold' campaign - "Guest Post: 47 years after 1968, Bundesbank STILL fails to deliver a gold bar number list". | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How The Rothschilds Made America Into Their Private Tax Fraud Backyard Posted: 27 Jan 2016 05:25 PM PST Back in September 2012 we first presented "the world's biggest hedge fund nobody had ever heard of": a small, previously unknown company called Braeburn Capital which, however, managed more cash than even Ray Dalio's Bridgewater, the world's largest hedge fund. How had the little firm operating out of a non-descript office building in Nevada achieved this claim to fame? By managing the cash hoard (now well over $200 billion) of the world's biggest and most valuable company: Apple. But what was perhaps more notable is where Braeburn was physically located: Reno, Nevada. We explained the company's choice for location with one simple word: "taxes", or rather the full, and very much legal, avoidance thereof. Three and a half years later we encounter this quiet Nevada town once again, and once again it is Reno's aura of tax evasion that brings is to the world's attention courtesy of a Bloomberg report discussing "The World's Favorite New Tax Haven." Only instead of Apple this time, the focus falls on a far more notorious company: the Rotschilds. As Bloomberg writes, "last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world's wealthy elite can avoid paying taxes. His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments. Some are calling it the new Switzerland." Ah, the rich irony: years after Obama single-handedly destroyed the secrecy-based Swiss banking model, the U.S. itself has taken over the role of the world's biggest, if no longer very secret, tax haven, and the epicenter is this modest Nevada city located next to lake Tahoe, which has become the favorite city, if only for tax purposes, for such names as Apple and the Rothschild family. The Swiss are not amused:
It will probably come as no surprise, that the firm at the center of it all is the (in)famous financial institution: Rotschild & Company.
And where the Rothschilds are to be found, everyone else quickly arrives: "Geneva-based Cisa Trust Co. SA, which advises wealthy Latin Americans, is applying to open in Pierre, S.D., to "serve the needs of our foreign clients," said John J. Ryan Jr., Cisa's president."
Next comes the need to legitimize US hypocrisy and to justify how America, in demanding everyone else opens their books, is ignored when not only does it keep its own books closed but is openly welcoming all those millionaires and billionaires whose offshore accounts were closed as a result of US intervention!
Picture that: nobody wants to admit they are intent on evading taxes to their financial advisor. How quaint. But the greatest thing about US-based tax evasion is that it is taking place right under the nose of the world's allegedly biggest tax-fraud chaser. It also happens to be perfectly legal.
Put all that together, and one company has realized there are billions in "fees" to be made by taking advantage of what is now officially the biggest hypocrite in the world: the United States of America. And adding insult to irony is that the "not easy to find" Rothschild Reno office is located just 6 floors away from the U.S. attorney's office!
A little history: the trust company was set up in 2013 to cater to international families, particularly those with a mix of assets and relatives in the U.S. and abroad, according to Rothschild. It caters to customers attracted to the "stable, regulated environment" of the U.S., said Rees, the Rothschild spokeswoman. "We do not offer legal structures to clients unless we are absolutely certain that their tax affairs are in order; both clients themselves and independent tax lawyers must actively confirm to us that this is the case," Rees said. Reread that sentence again, and this time try not to laugh: imagine a world in which both clients and tax lawyers, who are both conflicted and incentivized monetarily to lie, affirmatively confirm that they are not tax cheats? This is almost as good as Wall Street policing itself.
Here are some examples of families whose affairs are in order (after active self-confirmation of just that):
America's gain is Switzerland's, that centuries-old tax haven's, loss: Switzerland has been the global capital of secret bank accounts. That may be changing. In 2007, UBS Group AG banker Bradley Birkenfeld blew the whistle on his firm helping U.S. clients evade taxes with undeclared accounts offshore. Swiss banks eventually paid a price. More than 80 Swiss banks, including UBS and Credit Suisse Group AG, have agreed to pay about $5 billion to the U.S. in penalties and fines. Guess who was among them? why yes, Rothschild Bank AG last June entered into a nonprosecution agreement with the U.S. Department of Justice. The bank admitted helping U.S. clients hide income offshore from the Internal Revenue Service and agreed to pay an $11.5 million penalty and shut down nearly 300 accounts belonging to U.S. taxpayers, totaling $794 million in assets. Well, Rothschild is doing it all over again, only this time in Uncle Sam's back yard. Wait, you mean paying a $11.5 million penalty didn't teach it a lesson? No way. But even more tragicomic is the US push for tax transparency, known as the FATCA. Well, a push everywhere except in the US itself.
As it turns out the US had no qualms about implementing global tax disclosure standards... as long as it itself would be exempt and benefit from the entire world parking its criminal money on US territory:
And since the US now openly welcome all forms of hot, laundered, embezzled, or otherwise misappropriated money, there are countless banks willing to provide the service of parking that money in the US... for a commission. What amounts are we talking about? Well, trillions.
And most of those funds are now being parked in the US, where a key portal is Rothshild's Reno, NV office. But what makes this particular case of tax evasion particularly abominable is that it is nothing less than a symbiosis between proven and charged tax evaders and a U.S. government which has once again proven it can be bought for pennies on the dollar by banks like Rothschild, and legislate to make sure the bank continues pocketing billions in fees for the foreseeable future. We dare readers to read the following several concluding sections without sending their blood pressure to dangerously homicidal levels:
Except in cases like Switzerland where it didn't exactly "adhere to the legal, regulatory, and tax rules." This time will be different though.
Instead Wang will buy, sight unseen a Manhattan duplex for call it $50 million or whatever amount the seller demands, using a Nevada LLC with which to shield his purchase. In the process Wang's purchase, under the sage advice of Rothschild's Mr. Penney, assures that the luxury US housing bubble grows so big, and real estate prices rise so high, not a single law-abiding US citizen can afford to buy any form of luxury real estate.
Keep in mind: all of this is legal, and with the express permission of a US government, which one can rightly say is as criminal as any of the advisors who are merely explaining to their wealthy clients how to cheat the system best. There was a catch: not all western governments are muppets for the Rothschilds of the world:
Of course not the US, even though with that line it makes it very clear that what the US is doing is encouraing the criminal offense of facilitating tax evasion. Or maybe not.
And that was that. * * * While none of the above should come as a surprise to anyone who has been following our series since 2012 showing how US real estate has been used by foreign oligarchs to park illegal cash, what we would find very interesting in the next and final expose in this series, is for Bloomberg's Jesse Drucker to find how many billions (or maybe only millions - the US government is a very cheap whore) were paid under the table by Rothschild et al to bribe the US government to enable this kind of circular, incestuous legalized tax fraud on US soil, one for which Rothschild will collect billions in financial advisory fees for the indefinite future, and which blatantly steals from th | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Jan 2016 05:10 PM PST Hans Christian Andersen told the story of “The Emperor’s New Clothes” as part of his Fairy Tales Told for Children collection. The tale is almost two hundred years old. Most know how a little boy was the first to announce that the emperor had no clothes. Andersen’s tale is being re-written today and should be entitled “The Empire Has No Clothes.” This story is one occurring around the world. Governments are in disrepair and disrepute everywhere. They are increasingly viewed as exploitive, ineffective and catering to privilege. Public interest, the idealistic goal of government, never was real in the sense that it overrode the private needs and wants of officeholders. “Public servants” were never better stewards of public interest than private citizens pursuing their own self-interest. Indeed, once the returns to power increased, self-selection made most politicians inferior in morality and public interest than the typical citizen. The discomfort and turn against government occurs not because any of its behavior is new. Government has always been dishonest and a scam. What changed over time is the magnitude of government and its burden on citizens. The pain of tolerating it has apparently reached that threshold where people are no longer willing to ignore it. Governments around the world have become leviathans, meddling in the most minute and personal decisions of its citizens. Supporting government in its infancy required no taxation. Today the average citizen pays more than 40% of his production as tribute and support to the empire. Few believe they get much of value in return. Even with such confiscatory theft, governments are spending themselves and their citizens into bankruptcy. Capital that entrepreneurs need to start and grow businesses is now consumed by government vote-buying schemes and stupidity. As a result, economic growth cannot occur, jobs are lost and the standard of living declines. The current political contest in the United States reflects the attitude of citizens against government. Outsiders are either winning or gaining popularity in the primaries. The public is fed up with government as shown by polls such as this one. The political establishment still has not grasped the real reasons for their unpopularity. The Empire The phrase “limited government” is used to differentiate a so-called government “of, by and for the people” from government that is not limited or “of, by and for the people.” Arguably Abraham Lincoln’s description was the best piece of Statist propaganda ever delivered to the public. It was not true when he said it and it is implausible to even utter such a sentiment today without being ridiculed. “Limited government” is a clever phrase that is both untrue and impossible. It is akin to describing cancer as “limited cancer.” Left alone, cancer grows and kills. So too does government. A more accurate but less flattering description of government is “limited tyranny.” Limited government is merely a euphemism for limited tyranny. Unfortunately neither government nor tyranny can be limited. Power is like cancer. It grows and eventually destroys whatever it preys upon. The only way to constrain power is with greater power. But therein lays the insoluble problem. Government was an attempt to provide order to society. It was granted power over others to keep order. But granting such power and controlling it was not possible. Who was to constrain the power? No entity with power willingly limits its power. Setting up another layer of government or power to do so only worsens the situation. Ultimately all power succumbs to Lord Acton’s undeniable truth:
Power granted is always limited yet it always grows and is abused. Power, even in small doses, qualifies as tyranny. Idealists may not recognize it as such until it becomes so great that the tyranny can no longer be denied or ignored. The notion of limited government is fantastical. It is the belief in unicorns, tooth fairies and Santa Claus! Only the young or naive believe in such things. History provides no examples of government staying within the bounds granted. All governments grow and become increasingly oppressive. The passage of time and human nature ensure such outcomes. Is Civilization At An Inflection Point? The current disgust with government is palpable. It is the reason why a braggart like Donald Trump can challenge for and likely win the Republican nomination for president. It is also the reason why a septuagenarian Socialist can challenge an anointed Democrat candidate. Both political contests reflect hatred toward the political class. The voters are saying STOP! They turn to outsiders out of desperation. Is this merely a political phase that can be remedied? Is it merely a normal ebb and flow of the political process? It is easy to answer in the affirmative to both of these questions. History shows few exceptions and the few are usually bloody and violent. It is easy to be influenced by a form of confirmation bias when assessing such conditions. However, my personal judgment is that this dissatisfaction is not something temporary that will self-repair. Regardless of who is nominated and elected in the next presidential race, it is my opinion that this outcome is meaningless. This country and likely other so-called advanced democracies seem to be at an inflection or turning point. History is typically not useful in identifying such times. If my guess is correct, none of us alive today will see its occurrence. The process will likely be lengthy and contested. It will take decades before a final determination can be made. Donald Trump is not a politician although he is likely to be elected. Voting for Donald Trump (or Bernie Sanders) is a protest vote against government. It is the nation’s Howard Beale moment:
It will be the first shot fired against the Empire. It will be ineffective but will be the first signal that the process of citizens taking back their country has begun. Donald Trump (or Bernie) is a sign of how frustrated the electorate has become. Voters don’t know how to stop what is happening to them and their country but they are mad as hell and are not going to take this anymore. The upcoming election will change nothing. The best that the public can hope for is to elect a wrecking ball that will dent or damage some of the government apparatus. That is probably a foolish hope, almost certainly one that will not be fulfilled. The ballot box will be ineffective in satisfying the public. Other means will be tried. The Empire will not stand idly by while its power is threatened. It will strike back at any attempt to slow its growth or rate of plunder. It will become truly vicious, not unlike a wounded and cornered animal. Power is never relinquished willingly. Government, more properly called The State, has always been dependent on a myth. That myth is that society cannot be orderly without government and that all perceived ills can be solved by it. The reality is that society preceded government and that the State is little more than an Al Capone with better PR and no Eliot Ness. Our founders did their best with The Constitution. Few believed it could be preserved easily. Thomas Jefferson knew as much when he stated:
I suspect he thinks less of us for not honoring his solution — yet! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover Venture Capital Losses Posted: 27 Jan 2016 04:23 PM PST It should surprise nobody that when it comes to perpetuating the global central bank "put", China - which is at daily danger of having its house of trillions in non-performing loan card collapse at any moment - has perfected moral hazard better than any western central banker. However, even the staunchest cynics will be stunned by the latest development out of the Shanghai government where starting next month, venture capital firms which invested in high-tech startups since the beginning of 2015 can apply for government compensation if their investment loses money. In other words, while until now the government had bailed out corporate bond and bank loan investors, and was actively micromanaging the burst stock bubble (unsuccessfully), it will now enter the venture capital and private equity arena in what may be the grossest misallocation of capital unleashed by China to date. The policy is laid out in a regulation dated December 29 that the city's Science and Technology Commission put on its website on January 21. Under the regulation, if the sale of a VC's stake in a startup fails to cover its original investment, it can ask the government for a payout amounting to 30 or 60 percent of the shortfall depending on the size and revenue of the firm it backed. The most any VC firm can receive in one year is 6 million yuan. The limit on individual investment projects is 3 million yuan although we are confident both these limitations will be breached grossly and repeatedly. Shanghai is not the first Chinese city to implement this lunacy: an investor with a financial institution in Shanghai said the city did not invent the idea of subsidizing high-risk private financial investment. Other local governments in China have implemented similar rules but none of them offer quite as much compensation, he said.
According to Caixin, the payout offer is intended to encourage private VC investment to support innovation and the development of Shanghai as a global high-tech center, the document says. The policy is to last for two years. Of course, what it will encourage instead is another round of massive fraud, and investing in idiotic projects that have zero hope of recovery let alone return, because when one is spending with a full government backstop - like during episodes of QE - the last thing one cares about is trivial concepts like "risk." There is only the guarantee of return and as Allan Meltzer put it best, "Capitalism without failure is like religion without sin. It doesn't work." What it does do is assure that an even greater bust will take place once this particular bubble bursts, however in the process billions in taxpayer funds will be "allocated" to a handful of individuals who will promptly abuse China's capital controls and end up purchasing luxury apartments in Manhattan. Surprisingly, instead of keeping their mouth shut and just accepting the government's risk-free money, some have dared to speak out against this idea which can only be classified as sheer idiocy:
Actually the policy is beyond idiotic, however it is clearly designed to enrich a handful of "venture capitalists" who like U.S. bankers have purchased local government puppets to do their bidding for them. That said, there may be a silver lining: very soon the infamous "zero-corn" Theranos may liquidate in the US only to be reconsistuted in Shanghai, where its fraud will guarantee massive taxpayer funds are spent to boost the bank accounts of every criminal involved. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CIA Insider Tosh Plumlee on The Alex Jones Show (1-27-16) Posted: 27 Jan 2016 03:49 PM PST On today's broadcast we talk with decorated CIA Veteran Robert Tosh Plumlee 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://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Jan 2016 02:31 PM PST This post Red Ponzi Ticking appeared first on Daily Reckoning. There is something rotten in the state of Denmark. And we are not talking just about the hapless socialist utopia on the Jutland Peninsula——even if it does strip assets from homeless refugees, charge savers 75 basis points for the deposit privilege and allocate nearly 60% of its GDP to the Welfare State and its untoward ministrations. In fact, the rot is planetary. There is unaccountable, implausible, whacko-world stuff going on everywhere, but the frightful part is that most of it goes unremarked or is viewed as par for the course by the mainstream narrative. The topic at hand is the looming implosion of China's Red Ponzi; and, more specifically, the preposterous Wall Street/Washington assumption that it's just another really big economy that overdid the "growth" thing and is now looking to Beijing's firm hand to effect a smooth transition. That is, an orderly migration from a manufacturing, export and fixed investment boom-land to a pleasant new regime of shopping, motoring, and mass consumption. Would that it could. But China is not a $10 trillion growth miracle with transition challenges; it is a quasi-totalitarian nation gone mad digging, building, borrowing, spending and speculating in a magnitude that has no historical parallel. So doing, It has fashioned itself into an incendiary volcano of unpayable debt and wasteful, crazy-ass overinvestment in everything. It cannot be slowed, stabilized or transitioned by edicts and new plans from the comrades in Beijing. It is the greatest economic trainwreck in human history barreling toward a bridgeless chasm. And that proposition makes all the difference in the world. If China goes down hard the global economy cannot avoid a thundering financial and macroeconomic dislocation. And not just because China accounts for 17% of the world's $80 trillion of GDP or that it has been the planet's growth engine most of this century. In fact, China is the rotten epicenter of the world's two decade long plunge into an immense central bank fostered monetary fraud and credit explosion that has deformed and destabilized the very warp and woof of the global economy. But in China the financial madness has gone to a unfathomable extreme because in the early 1990s a desperate oligarchy of despots with machine guns discovered a better means to rule—— the printing press in the basement of the PBOC—-and just in the nick of time (for them). Print they did. Buying in dollars, euros and other currencies hand-over-fist in order to peg their own money and lubricate Mr. Deng's export factories, the PBOC expanded its balance sheet from $40 billion to $4 trillion during the course of a mere two decades. There is nothing like that in the history of central banking—–nor even in economists' most febrile imagings about its possibilities. The PBOC's red hot printing press, in turn, emitted high-powered credit fuel. In the mid-1990s China had about $500 billion of public and private credit outstanding—hardly 1.0X its rickety GDP. Today that number is $30 trillion or even more. Yet nothing in this economic world, or the next, can grow at 60X in only 20 years and live to tell about it. Most especially, not in a system built on a tissue of top-down edicts, illusions, lies and impossibilities, and which sports not even a semblance of financial discipline, political accountability or free public speech. To wit, China is a witches brew of Keynes and Lenin. It's the financial tempest which will slam the world's great bloated edifice of central bank fostered faux prosperity. So the right approach to the horrible danger at hand is not to dissect the pronouncements of Beijing in the manner of the old Kremlinologists. The occupants of the latter were destined to fail in the long run, but they at least knew what they were doing tactically in the here and now. By contrast, and not to mix a metaphor, the Red Suzerains of Beijing have built a Potemkin Village. But they actually believe its real because they do not have even a passing acquaintanceship with the requisites and routines of a real capitalist economy. Ever since the aging oligarch(s) who run China were delivered from Mao's hideous dystopia by Mr. Deng's chance discovery of printing press prosperity, they have lived in an ever expanding bubble that is so economically unreal that it would make the Truman Show envious. Any rulers with even a modicum of economic literacy would have recognized long ago that the Chinese economy is booby-trapped everywhere with waste, excess and unsustainability. Here is but one example. Somewhere near Shanghai some credit-crazed developers built a replica of the Pentagon on 100 acres of land. This was not intended as a build-to-lease deal with the PLA (People's Liberation Army); its a shopping mall that apparently has no tenants and no customers! One of the more accurate things I have ever said is that the USA's Pentagon was built on a swampland of waste. That is, I do take my anti-statist viewpoint seriously and therefore firmly believe that the Warfare State is every bit as prone to mission creep and the prodigious waste of societal resources as is the Welfare State and the bailout breeding backrooms of Washington. But our Pentagon at least has a public purpose and would return some benefit to society were its mission shrunk to honestly defending the homeland. By contrast, China's "Pentagon" gives waste an altogether new definition. Projects like the above—–and China is crawling with them—–are a screaming marker of an economic doomsday machine. They bespoke an inherently unsustainable and unstable simulacrum of capitalism where the purpose of credit is to fund state mandated GDP quota's, not finance efficient investments with calculable returns. Accordingly, the outward forms of capitalism are belied by the substance of statist control and central planning. For example, there is no legitimate banking system in China—just giant state bureaus which are effectively run by party operatives. Their modus operandi amounts to parceling out quotas for national GDP and credit growth from the top, and then water-falling them down a vast chain of command to the counties, townships and villages below. There have never been any legitimate financial prices in China—all interest rates and FX rates have been pegged and regulated to the decimal point; nor has there ever been any honest financial accounting either—-loans have been perpetual options to extend and pretend. And, needless to say, there is no system of financial discipline based on contract law. China's GDP has grown by $10 trillion dollars during this century alone——-that is, there has been a boom across the land that makes the California gold rush appear pastoral by comparison. Yet in all that frenzied prospecting there have been almost no mistakes, busted camps, empty pans or even personal bankruptcies. When something has occasionally gone wrong with an "investment" the prospectors have gathered in noisy crowds on the streets and pounded their pans for relief—-a courtesy that the regime has invariably granted. Indeed, the Red Ponzi makes Wall Street look like an ethical improvement society. Developers there built an entire $50 billion replica of Manhattan Island near the port city of Tianjin—– complete with its own Rockefeller Center and Twin Towers—– but have neglected to tell investors that no one lives there. Not even bankers! Stated differently, even at the peak of recent financial bubbles in London, NYC, Miami or Houston they did not build such monuments to sheer economic waste and capital destruction. But just consider the case of China's mammoth steel industry. It grew from about 70 million tons of capacity in the early 1990s to just shy of 1.2 billion tons or 60% of the world's entire capacity at present. Needless to say, it's a sheer impossibility to expand efficiently the heaviest of heavy industries by 17X in a quarter century. The fact is, China will be lucky to have 500 million tons of true sell-through demand—-that is, on-going demand for sheet steel to go into cars and appliances and rebar into replacement construction once the current pyramid building binge finally expires—- or just 40% of its massive investment. That's why on Sunday the Beijing State Council made a rather remarkable announcement. To wit, it will close 100 million to 150 million tons of steel-making capacity. That would mean cutting capacity by an amount similar to the total annual steel output of Japan, the world's No. 2 steel maker, and nearly double that of the US. These are not simply gee whiz comparisons. It took the fastidious Japanese nearly five decades to erect the world leading steel industry on the back of tens of thousands of engineering and operational improvements. China created the same tonnage each and every year after the financial crisis, but it was all based on just on great pell mell field of dreams endeavors. The same is true for its cement industry, ship-building, solar and aluminum industries—to say nothing of 70 million empty luxury apartments and vast stretches of over-built highways, fast rail, airports, shopping mails and new cities. In short, the flip-side of the China's giant credit bubble is the most massive malinvesment of real economic resources—-labor, raw materials and capital goods—ever known. Effectively, the country-side pig sties have been piled high with copper inventories and the urban neighborhoods with glass, cement and rebar erections that can't possibly earn an economic return, but all of which has become "collateral" for even more "loans" under the Chinese Ponzi. China has been on a wild tear heading straight for the economic edge of the planet—-that is, monetary Terra Incognito— based on the circular principle of borrowing, building and borrowing. In essence, it is a giant re-hypothecation scheme where every man's "debt" become the next man's "asset". Thus, local government's have meager incomes, but vastly bloated debts based on stupendously over-valued inventories of land. Coal mine entrepreneurs face collapsing prices and revenues, but soaring double digit interest rates on shadow banking loans collateralized by over-valued coal reserves. Shipyards have empty order books, but vast debts collateralized by soon to be idle construction bays. Speculators have collateralized massive stock piles of copper and iron ore at prices that are already becoming ancient history. So China is on the cusp of the greatest margin call in history. Once asset values start falling, its pyramids of debt will stand exposed to withering performance failures and melt-downs. Undoubtedly the regime will struggle to keep its printing press prosperity alive for another month or quarter, but the fractures are now gathering everywhere because the credit rampage has been too extreme and hideous. Like Mao's gun barrel, the printing press has a "sell by" date, too. Regards, David Stockman The post Red Ponzi Ticking appeared first on Daily Reckoning.       | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| What You Must Know about the Oregon Militia Psyops Posted: 27 Jan 2016 02:13 PM PST WHY OREGON MILITIA IS A PSYOP ARE BEING CONTROL BOTH SIDES OF THE COIN It turns out that the land the feds own, and the land in question at the Hammond Ranch have enormous amounts of Natural Gas, Uranium, Mercury, and Arsenic. The Financial Armageddon Economic Collapse Blog tracks trends... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Daily and Silver Weekly Charts - Continuing Flight to Safety Posted: 27 Jan 2016 01:42 PM PST  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| This Bear Market Is No Grizzly From Hell… Yet Posted: 27 Jan 2016 12:43 PM PST This post This Bear Market Is No Grizzly From Hell… Yet appeared first on Daily Reckoning. LONDON – It's 5:30 a.m. We're sitting in an airport in London waiting for a flight to Dublin. Around us are bleary-eyed businessmen, catching the first flight to Ireland. Yesterday, U.S. stocks managed to catch a break. The Dow rose 282 points – or just under 2% – despite another 6% selloff in China. U.S. crude oil fell a bit. But it continues to trade above $30 a barrel this morning. What Goes Up…A headline in the Wall Street Journal last week caught our eye: "Stocks down again. Where's the Fed?" That question came up several times in Mumbai, where we recently spent time on a business trip. We were interviewed by the Economic Times of India and by Bloomberg TV. They wanted to know what we were doing in India and what we thought was ahead for world markets. Our reply took a familiar form… "What goes up must come down," we said in several different ways. "What goes up a lot goes down a lot." This did not seem to be rocket surgery; we expected no argument. But the financial media on the subcontinent – like its sidekicks and drinking buddies in other countries – can't imagine it. In the minds of junior journalists and senior economists, there is nothing inevitable about up and down. They think markets only go in one direction – up – subject to occasional setbacks and policy mistakes. And the mistake they see is the Fed's supposed "tightening" of credit conditions. Grizzly From Hell"Wouldn't you say that the Fed was premature in raising rates last month… in light of the hellish decline in equities since then?" asked one reporter. "No. In the first place, we wouldn't say the selloff has been 'hellish' at all. So far, this bear market is no grizzly from Hell. It's a cuddly panda. And the Fed wasn't too early. It was too late." The problem with this response is that it requires far too much explanation. The financial media doesn't have time for it. They want soundbites… preferably positive ones. After a while, we got into the spirit of it. Forget nuance. Forget irony. Forget unintended consequences. This is show biz. "You ain't seen nothing yet," we told one interviewer. "This is a retest of the correction of 2008… but worse. The world has taken on $57 trillion more in debt since Lehman Brothers collapsed. So we'll see the Dow below 6,000 before this is over." Just between us… that was not a serious prediction. We are pretty sure the Dow will eventually go down substantially. But we have no idea when or how low it will go. Context creates content. The financial media is part of the entertainment industry, largely financed by Wall Street. Don't expect to get serious commentary or analysis from it. Commentators are expected to provide simple, snappy analyses… with as few qualifications as possible. Emphatic. Confident. Unhedged and unhinged. Debt RicochetOur publishing partners in Mumbai called together some of their best customers for a more in-depth conversation. The same questions arose, but we had more time to answer them: "The problem is debt. There is too much debt. That's what happens when you lend for too long at rates that are too low. People borrow to consume… or to invest in things that don't really make sense. "Then they can't pay it back. That was the problem with all that subprime mortgage debt in 2007 and 2008. Today, we have student debt, auto debt, corporate debt, and government debt. The world added $170 trillion in debt over the last 20 years. But the world economy grew at about only 3% a year. "The interesting thing is the way this debt bubble originated with consumers and the finance industry in the U.S… then got shipped over to the exporters in China… and from China to its suppliers in Brazil and the other resource economies. "Now, the bad debt ball ricochets from one economy to the next." Test of NervesWe explained our hypothesis… "Markets are myth busters. For the third time this century, they are attacking the central financial myth of our time: that a group of PhD economists can succeed where generations of central bankers before them have failed… that they can manage a paper currency – and a whole world economy – without blowing themselves up. "Paul Volcker did it," we conceded. "But that was when the U.S. had only a fraction of the debt it has now… and it was before the world economy had gotten hooked on debt. "Now, as soon as we get a serious downturn – and we're not there yet – all central banks will panic and come out with more aggressive stimulus programs." We did not say so. But perhaps we should now: This phase – where central banks push up asset prices with experimental policies – is probably not over. Markets will test the Fed's nerves. They will test their mettle with falling stock prices and a recession. Then, the Fed will react. It is, after all, "data dependent." "Just hold on. It's going to be exciting. That is probably the only thing we can be sure of. It's going to get more interesting." Tomorrow: Wait out the selloff in gold and cash? Or sit tight with "stocks for the long run"? Regards, Bill Bonner Originally posted at Bill Bonner's Diary, right here. P.S. Bill expects a violent monetary shock, in which the dollar — the physical, paper dollar — disappears. And he believes it will be foreshadowed by something even rarer and more unexpected — the disappearance of cash dollars. Many Americans don't see this coming because of what psychologists call "willful blindness." But Bill has taken the extraordinary step of assembling the full shocking details in a special report. To get full details on what Bill calls the "Great American Credit Collapse", click here right now. The post This Bear Market Is No Grizzly From Hell… Yet appeared first on Daily Reckoning.     | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ALEX JONES GOES ON A GLENN BECK RANT Posted: 27 Jan 2016 12:21 PM PST Alex Jones goes of on glenn beck for plagiarizing his material from the infowars show. 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://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cyber Warfare Red Alert -- Israel's Power Grid hit by Hack Attack Posted: 27 Jan 2016 11:49 AM PST IronNet Cybersecurity's Jamil Jaffer on the hacking of Israel's power grid and Italy covering nude statues at a museum in Rome while Iran's president visited the country. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| American Economy is Dead because of Debt Posted: 27 Jan 2016 11:10 AM PST The US government's spending and borrowing policies have dramatically weakened the country's economy and significantly lowered the standard of living, which may lead to a "dead economy" and political chaos, an American economist says. The Financial Armageddon Economic Collapse Blog... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Five of six brokers in LIBOR trial acquitted by London jury Posted: 27 Jan 2016 10:57 AM PST By Liam Vaughn and Suzi Ring Five ex-brokers accused of helping convicted trader Tom Hayes rig LIBOR, the benchmark interest rate used in trillions of dollars of derivatives and loans, were acquitted Wednesday by a London jury, which is still deliberating charges against a sixth. Noel Cryan, 50, who worked at Tullett Prebon Plc in London, Colin Goodman, 54, and Danny Wilkinson, 49, formerly of ICAP Plc, and RP Martin Holdings Ltd.'s Terry Farr, 44, and James Gilmour, 50, were found not guilty and released. The jury couldn't reach a unanimous verdict on ICAP's Darrell Read, 50, and was sent home to come back Thursday to discuss the remaining charge. The jury took about a day to find the others not guilty. The verdict marks the culmination of a sprawling and complex four-month trial that was postponed for several days when one of the defendants, Wilkinson, fell ill. Several of the men cried as the verdicts were read out. Farr burst from the dock and climbed the stairs to embrace his wife and son. ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-01-27/five-of-six-brokers-in... ADVERTISEMENT Silver Coins and Rounds with Employee Pricing and Free Shipping Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory. Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page. This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping. So go to -- -- and type "GATA" in the radio box at the top of the page. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OMG: Scotiabank sought China gold demand presentation by Koos Jansen Posted: 27 Jan 2016 10:16 AM PST 1:18p Wednesday, January 27, 2016 Dear Friend of GATA and Gold: Gold researcher and GATA consultant Koos Jansen reports today that he made a presentation about Chinese gold demand to a Scotiabank commodities conference in Toronto this month, and he goes on to detail what he told the conference, apparently without realizing how extraordinary it was in the first place that the bullion bank would want to hear from someone so politically incorrect. Of course Jansen is the foremost authority on the Chinese gold market. But he has repeatedly shown how the establishment's respectable analysts of that market have been mistaken and even have been providing disinformation. Has Jansen's evidence become so overwhelming as to make him respectable too? What's next -- an invitation to GATA Chairman Bill Murphy to address traders at JPMorganChase and the Federal Reserve Bank of New York about gold market manipulation? Scotiabank's invitation to Jansen may not herald the End of Days but maybe it is a hint about the end of the current round of government-sponsored gold price suppression and the start of another round at a higher and more sustainable level. Jansen's report is headlined "Presentation by Koos Jansen at Scotiabank" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/koos-jansen/presentation-koos-jansen-a... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Free Storage with BullionStar in Singapore Until 2016 Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore. Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star'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: Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Populist Revolution: Bernie Sanders and Beyond Posted: 27 Jan 2016 07:46 AM PST The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals. Today’s populist revolt mimics an earlier one that reached its peak in the US in the 1890s. Then it was all about challenging Wall Street, reclaiming the government’s power to create money, curing rampant deflation with US Notes (Greenbacks) or silver coins (then considered the money of the people), nationalizing the banks, and establishing a central bank that actually responded to the will of the people. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ronan Manly: Bundesbank keeps withholding critical gold information Posted: 27 Jan 2016 07:40 AM PST 10:40a ET Wednesday, January 27, 2016 Dear Friend of GATA and Gold: Gold researcher Ronan Manly reviews the German Bundesbank's announcement of its gold repatriation in 2015 and identifies many omissions. The announcement, Manly writes, "does not mention whether any of the gold withdrawn from the Federal Reserve Bank of New York was melted down and recast into good-delivery bars. Some readers will recall that the Bundesbank's updates for 2013 and 2014 did refer to such remelting/recasting events." ... Dispatch continues below ... ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com Manly adds: "The repatriation information in all the press releases and updates from the Bundesbank since 2013 has excluded most of the critical information about the actual gold bars being moved. So, for example, in this latest update concerning the 2015 transport operations, there is no complete bar list (weight list) of the bars repatriated, no explanation of the quality of gold transferred and whether bars of various purities were involved, no comment on whether any bars had to be melted and recast, no indication of which refineries, if any, were used, and no explanation of why it takes a projected seven years to bring back 300 tonnes of gold that could be flown from New York to Frankfurt in a week using a few C-130 U.S. transport carriers. ... "The crucial questions to ask in my view are where the repatriated gold that has so far been supplied to the Bundesbank from New York and Paris has been sourced from, what were the refiner brands and years of manufacture for the bars, what was the quality (fineness) of the gold, and are these bars the same bars that the Bundesbank purchased when it accumulated its large stock of gold bars during the 1950s and especially the 1960s?" Manly's analysis is headlined "Update on Bundesbank Gold Repatriation 2015" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/ronan-manly/update-on-bundesbank-gold-... CHRIS POWELL, Secretary/Treasurer Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| China To Stop Publishing SGE Gold Withdrawals Posted: 27 Jan 2016 07:39 AM PST This post China To Stop Publishing SGE Gold Withdrawals appeared first on Daily Reckoning. And now… today's Pfennig for your thoughts… Good day, and a wonderful Wednesday to you! The currencies are for the most part up a tiny bit vs. the dollar this morning, but in reality we’re watching the currencies trade in tight ranges with traders not willing to go out on any limbs ahead of the Fed’s FOMC Meeting today. Gold is down $3, after a nice rally yesterday, and the price of oil is only a penny different from yesterday morning’s price.. It does appear that no one wants to push the envelope ahead of the FOMC Meeting, that will end this afternoon. Do these guys really think that the Fed might hike rates at this meeting? Really? Come on, people (traders) you know in your heart of hearts that the Fed isn’t going to hike rates now! So, what’s the problem here? Get off your duffs and get to work! Oh, what’s that? You want to hear what the Fed has to say first? OK. I get that, because this statement following the rate announcement is going to be worth the price of admission (which is free, but let’s not that get in the way of good line!). What will the Fed opt to focus on? Will it be the market turmoil that has existed since they last met and raised rates? Or, will it be the slowing economy? Or, will it be a case where they attempt to spread confidence in the economy? I’ll bet you dollar to a Krispy Kreme that they opt for door # 3. It’s been their M.O. for over a year now, they can’t just dump that and move on to something else, right? The question will be this: will the markets swallow the bait, hook, line and sinker from the Fed this time? Or has the Fed become much like the boy who cried wolf, but instead of warning about danger that was made up in his head, the Fed keeps talking about strong economy and rising inflation that is made up in their heads. Ooh, are you sure you want to say that, Chuck? Why, yes I am! I don’t think I called anyone a dolt, or said that what they were doing was lacking mental strength, I simply said what I said and I have the economic data prints to prove my point! The Reserve Bank of New Zealand (RBNZ) meets today too, but later in the day for us, early in the morning for them. There’s nothing that has gone on in New Zealand lately that would warrant the RBNZ to cut rates. Of course in this day and age with Central Banks playing currency war games, no one knows for sure what’s on Central Bankers’ minds. Shall we play the game, Joshua? And just like the made for movies Thermal Nuclear War, that ended with no one winning. The currency wars will find the same result. Right Joshua? For those of you who got lost in that last paragraph, I was just having some fun with the thought of “currency war games” , which got me thinking of the movie from the 80’s titled; War Games and the Computer which was WOPR, had software that would simulate a Nuclear War and the software’s name was Joshua. So, there you go! The Aussie dollar is one of the better performers this morning, albeit in a tight range, after Aussie 4th QTR CPI moved higher than expected. Aussie consumer inflation as measured by CPI rose 0.4% in the QTR, moving the year on year total to 1.7%… Still below the 2% limit of the Reserve Bank of Australia (RBA). You know, “back in the day” seeing inflation at 1.7% would be cause to celebrate, because it would be “under the target”, but these days, these days I sit on cornerstones and count the time in quarter tones, no wait! These days the markets will take the view that the there’s more work to be done to get CPI to 2%… UGH! There was some news from China overnight that’s pretty interesting. The head of the Chinese Statistics Bureau is under investigation for corruption. Hmmm… you don’t think that this is going to be China’s way of announcing a data discrepancy, by having one person fall on a sword? I kind of see it going this way. China can come clean, and have a scapegoat to take the blame. I guess we’ll have to wait-n-see with this, but I doubt the Chinese officials made public the news of the investigation without having something up their sleeve. Speaking of the Chinese… the Chinese renminbi was allowed to appreciate at the fixing again overnight, this time a bit larger than the appreciation the night before. Do you think that the Chinese have figured out that the Fed rate hike was a mistake and there won’t be any future rate hikes for now, and that they can back off the depreciation/devaluating of the renminbi? That’s how I see it. Boy, I had better get this finished before I fall asleep! Elvis is singing I can’t help falling in love with you on the iPod and I almost nodded off. There will be no sunrise watching this morning, as it’s raining outside. UGH, so I can just go back to sleep, and not miss anything outside! HA! Gold is giving back $3 of its gains yesterday that brought the shiny metal to $1,120. Gold researching guru, Koos Jansen, issued a new report that’s very troubling to me. I’ll let Koos tell you about it from the www.bullionstar.com website, “China to stop publishing Shanghai Gold Exchange (SGE) withdrawals.” He went on to say, “this is a disaster for the gold community, and takes away the last bit of transparency in the gold market.” Oh no! Tell me it’s not true, Shoeless Joe! I agree with Koos on this, folks. the posting of these withdrawals were important to the gold community in that they provided us with information about physical demand, and allowed us to have a good educated guess as to how much gold the Chinese were adding to their reserves each month! The U.S. Data Cupboard printed some interesting data yesterday. The S&P/Case-Shiller Home Price Index (HPI) showed the 20-city year on year increase of 5.83%… In some cities, home prices have reached higher levels than before the Housing Meltdown. That’s crazy stuff folks. And speaking of crazy stuff… Consumer Confidence bounced higher in January from an index number of 96.3 to 98.1. You know, they used to say that this Confidence data was nothing more than taking the pulse of the stock market. But something has to have changed over time with this data, because the stock market, while rallying yesterday, has been a real mess so far this year. But everyone is confident because the Fed hiked rates, and the Fed wouldn’t do that if things were not good, right? Today’s Data Cupboard has, of course, the FOMC Rate Decision this afternoon, but the appetite for that entree will be December New Home Sales, which should be half-way decent due to the fact that home buyers were rushing to get closed before the Fed rate hike took place. Of course there was no need to rush, for if you just simply waited for the dust to settle, you would have found mortgage rates still very low. This came to me yesterday in my daily email from MarketWatch, and I thought it to be interesting. Here’s the title: China Warns Soros Against Declaring War Against Its Currency, and it can be found in its entirety here. And of course here’s the snippet:
Chuck again. The guys gets lucky with his attack of the British pound sterling back in 1993, and he is forever thought of as a guy that can ruin any currency’s chances. Longtime readers know what I always say here, and that is the markets have deeper pockets than a Central Bank. But when you’re talking about China, that thought has to change somewhat. China has deep pockets folks. About $3.5 trillion in reserves. Time to get out of your hair for today, I hope you have a wonderful Wednesday! Regards, Chuck Butler P.S. Be sure to sign up for The Daily Reckoning — a free and entertaining look at the world of finance and politics. The articles you find here on our website are only a snippet of what you receive in The Daily Reckoning email edition. Click here now to sign up for FREE to see what you're missing. The post China To Stop Publishing SGE Gold Withdrawals appeared first on Daily Reckoning.     | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Peter Boehringer: Bundesbank increases pace of German gold repatriation Posted: 27 Jan 2016 07:11 AM PST 10:11a ET Wednesday, January 27, 2016 Dear Friend of GATA and Gold: Peter Boehringer, founder of the German Precious Metals Society and leader of the campaign to repatriate Germany's gold reserves, sends the following today. CHRIS POWELL, Secretary/Treasurer * * * By Peter Boehringer The Bundesbank today announced its gold repatriation tonnages for 2015: 210 tons, with 99.5 having been returned from the Federal Reserve Bank of New York and 110 from the Banque de France in Paris. This is 6 percent of all German gold reserves and 10 percent of the German gold reserves held abroad: http://www.bundesbank.de/Redaktion/EN/Pressemitteilungen/BBK/2016/2016_0... This is a good improvement in repatriated volumes compared to 2013 and 2104 (not to mention 1968-2012, when no gold was returned). ... Dispatch continues below ... 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 But the Bundesbank's pace is sill too slow. Switzerland alone can import and export more than 10,000 physical tonnes per year. The Bundesbank is still not ambitious enough with Germany's gold. The Bundesbank wants to repatriate only half of Germany´s gold (approximately 1,650 tons) by 2020, not 100 percent (3,380 tones) as our campaign demands. The Bundesbank is still not transparent enough. It has provided no gold bar serial number lists, no external audit of Germany´s gold reserves (not even for the gold in vaults in Frankfurt), and no photography of physical delivery of the Germany gold from the Fed and Banque de France. The Bundesbank is still double counting German gold bars on other balance sheets, indicating the possibility of fractional gold banking. There is still no proof whether the Bundesbank has repatriated any gold from New York so far or whether central banks have just swapped book entries of their paper gold (directly or via the Bank for International Settlements). At least one more central bank besides the Bundesbank must have repatriated some gold from the New York Fed in 2015, as the New York Fed reports a decline in its custodial gold holdings of another 25.5 tonnes. In summary, there is good progress in the alleged pace of repatriation. This is positive in our view. But there is still no proof for anything reported by the Bundesbank about Germany's gold. There are still many counterparty, storage, and accounting risks with Germany's gold reserves. So Germany's gold might be so compromised that it could not perform its natural role as the ultimate currency reserve in case of a fiat currency crisis that created a need for Germany to change to a partially gold-backed new Deutsche mark. Join GATA here: Vancouver Resource Investment Conference http://cambridgehouse.com/event/49/vancouver-resource-investment-confere... Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful 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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Two-Term Presidents and U.S. Stocks Posted: 27 Jan 2016 05:19 AM PST Another fine infographic over at the Visual Capitalist reminds us of how the last few eight-year stock cycles coinciding with two-term presidents haven’t worked out so well toward the end of those periods, that is, unless you’re a short-seller. Of course, the main subject for the infographic is gold as an investment and it’s worth pointing [...] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| War on Whistleblowers - Trailer Posted: 27 Jan 2016 05:07 AM PST War on Whistleblowers: The citizens who exposed government wrong-doing 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://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Jan 2016 04:43 AM PST MUST READS The Chances of a Global Meltdown – WSJ The Federal Reserve may have made a huge mistake -Washington Post A China bank contagion could blow up global markets – CNBC China’s $1 Trillion Money Exodus Isn’t About Capital Controls – Bloomberg China accuses George Soros of ‘declaring war’ on yuan – Guardian An NFL player was just accepted to [...] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold and Silver - There's Something Worse than Having a "Losing Position" Posted: 27 Jan 2016 02:37 AM PST David Smith writes: here's something worse than giving up at the bottom... There's something worse than watching prices fall as you continue to add on the way down... It's giving up "three feet from gold," when if you had just stuck it out a bit longer, things might have turned your way. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OPEC Begs Russia to Cut Oil Output as Deflation Market Price Hurting Economy! Posted: 27 Jan 2016 01:08 AM PST Russia and Iran are moving to kill the petrodollar by flooding the market. They are also trying to kill western banks. 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://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
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