Politics, the Middle East, and Company Updates
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- Segment 1: Laurent-Patrick Gally discusses The Middle East from the prospective of a man who lives in the heart of it.
- Segment 2: President and CEO of Miraculins, Chris Moreau reports on the results to date of the in store trials.
- Segment 3: Dan Oliver, President of The Committee for Monetary Research and Education talks economics.
- Segment 4: Glen Downs, Chief of Staff to Congressman Walter Jones, joins Dan Oliver for a lively political discussion.
- Segment 5: Best selling political author James Bovard discusses American politics.
- Segment 6: Natcore Technology, CEO and President Chuck Provini gives an update on the Company.
- Segment 7: Technical Advisor, Quinton Hennigh of Gold Canyon discusses the Company’s 5.1 million ounce gold deposit.
- Segment 8: We wrap up the Weekend Edition with Rick Ackerman of Rick’s Picks, and Dr. Richard Postma, AKA Doc.
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STOP DREAMING AND MAKING EXCUSES FOR FRAUD !
Thank’s AL for INFO ! GOLD CANYON !
SILVER PRICE IS STRONG ! A GOOD DUY THE NEXT MONDS ! BUY !
We continue to look at all aspects of it. Looks very good so far. Not investment advice.
Well said Franky. We are all victims of elite bankers and politicians. We have right to complain and expose them. Any defend for these people is against our interest. We want free market back.
Thank U ! Lawrence ! No Free Brings A HITLER !
You guys should be part of a discussion group I started with friends about a month ago!
Where? As long as it is investing. If politics, my time does not allow it. Have to wait till retirement.
That was a fantastic interview with Dan Oliver. Thanks Al. Keep him coming back if you can.
He is a regular, Bird. What did you think of Jim Bovard?
I just listened in. He seems OK. I normally don’t tune into the shows on US politics though because it does not interest me the way precious metals and the investment climate does. I thought Dan did a great interview on the macro though.
Dan is a bright guy!
There must be a political consolidation in Europe if the Euro experiment is to survive. — Allan Greenspan
http://www.zerohedge.com/news/2015-03-06/alan-greenspan-warns-stocks-are-without-doubt-extremely-overvalued
THE EURO IS ONLY DEAR FOR THE CONTROL FREAKS TO MAKE US EUROPEANS SUFFER , SLAVES AND TOTAL CHASE FREE CURRENCY IDIOTS !
Yes, Franky. And remember this is the Korelin Economic Report, not the Corleone Economic Report. 🙂
Lumber is an early warning signal of the stock market top? According to these two timely charts from ZeroHedge, well have a glance then look out below……
TIMBEEEEEEEEEEEERRRRRR!
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150225_EOD8.jpg
Count out the months on the charts. The suggested top would be mid 2016.
Bird, interesting comment—that goes for my feeling on the next leg up for the PMs which I’ve mentioned would be at least 1- 11/2 years from now—-I base this on a number of charts I’m watching. That would also coincide with what often happens in recent bull markets that have a penchant to start to signal the next recession just before the next presidential election.
I would agree Doc.
You could well be right. As you know my habit (similar to yours) is to try to get confirmation readings from a variety of sources before I can draw any reasonable conclusions.
Sometimes you get a tip off from an oddball chart like lumber that everyone else overlooks. There is only so much time in a day to draw correlations though. I was talking to my wife about this tonight though and showing her the charts from Friday.
Everything but the dollar dropped and then I took her back to see older material from the correction during the GFC where we had a similar experience. You know, in a bust, everything goes down. That includes the so-called safe havens like bonds and the contra cyclical assets like gold.
So knowing that we have a better chance of understanding how to protect ourselves once we get the whiff of a major correction coming when a week of bad days like yesterday follow and result in declines for virtually every sector but dollars!
There is that old expression “keep some dry powder” at the ready but we don’t often hear any details on that idea. For example if your dry powder was held in Canadian dollars you lost almost a percent yesterday whereas is it was in USD you had an absolute gain while the rest of the market was in disarray.
If your powder was Euros you got skunked. I think what we need to be cognizant of is to keep our minds focused on strategies where a larger than normal percentage of capital is set aside to just weather the storm rather than being invested for gains that might not come.
Maybe I am just saying what we already know so its not that interesting but amongst gold buyers there is this idea that precious metals or hard assets are like garlic against market discord but what is forgotten is that when the SHTF it is baby out with the bathwater time and those safe haven don’t actually kick in until AFTER the carnage has been experienced.
Agree with your second to last paragraph.
I think that may be the case.
How can the biggest debt bubble in the history of the world have a happy ending?
It seems a massive collapse in the stock market within the next three to five years at the latest is inevitable. Heck, it seems it could happen any day.
Agree Eddie!
Answer..” To happy ending”…….CREAT ONE BIGGER, so you do not notice the first one………
Jerry, you really need to start using spell check if you are going to leave 50 posts a day and almost every single one contains spelling errors or incomplete thoughts that always end with ……..
BIRD……thanks for the thoughts concerning spell check . I dropped my computer, so I am unable to utilize the convenience. I will have to be more careful in the future, in my attempts to communicate to the general public.
As for checking for perfect spelling, my time is worth more than the time required to consult WEBSTER., each and every time. I am much more concerned with the message and thought , than the spelling , since I am constantly reading the 1605 King James Bible, which is OLD ENGLISH, old habits are hard to change…. ……..You might get a copy , there are some great messages which you might find beneficial in you life long journey through this world. There are some great quotes and saying , and heck you might even get a chance to correct some of your devilish tendencies.
Your friend in need………………………………………………………j………
I heard that theory years ago, Bird. It seems credible.
Me too Al. We all learned that one from being in lumber provinces (states) but the idea does not get much play anywhere else. Its a good reminder though so I appreciated the ZH people bringing it up.
Craig @ TF metalsreport put out a public podcast on Friday for anyone interested.
Given this latest string of extraordinary events, I thought I’d just go ahead and make today’s podcast freely available to everyone. Not that it contains any special information…these podcasts are something we do for subscribers every day. However, given the beating the metals have taken over the past month, I thought some non-Vaulters might find this helpful.
For today, a review of these charts. First up, these two from the comments of the previous thread:
TFMR Podcast – Friday, March 6
http://www.tfmetalsreport.com/podcast/6669/tfmr-podcast-friday-march-6
POSTED YESTERDAY BY CFS………….great followup…………..
HSBC…..SHOULD BE A TOPIC OF CONVERSATION ……..and what happened yesterday, which noone caught…………..
A lot of info on yesterdays last post…………………
And it will be, Jerry.
some more great comments concerning HSBC…..at kwn………..and the 7 VAULTS BEING CLOSED………..
Got to love a guy named Turd Furgeson.
Turdisms… Turd: If you ever wondered how I found my pseudonym, well, here you go:
You ever seen the Norm Show? He played a pro hockey player caught for tax evasion. Part of his sentence was to work as a social worker.
Re: Segment 1:
The extremist ISIS-type Islamic sub-humans represent at most 5% of Islamic believers, however, Muslims are to blame, because on average Imams are VERY slow to condemn ISIS terrorists acting in the name of Islam and to preach against such actions.
Secondly, the actions of Israel and/or the US will be mute because Saudi Arabia has arranged to buy nuclear bombs from Pakistan, in the event that Iran needs to be stopped from acquiring nukes.
Further re. Segment 1:
Islam to me is an unacceptable religion because of it’s attempt to introduce Sharia Law everywhere it represents a majority.
Sharia is absolutely sexist and should be unacceptable by any civilized society.
Further LPG needs to explain why apostasy carries a 10 year imprisonment sentence in about a dozen Islamic countries if he claims Islam to be a tolerant religion.
In England it is not uncommon for a male Muslim to have several wives and many children. Because of the welfare system, it is reported that 20% of adult male muslims have never worked.
CFS, you make a very good point. I have a cousin who works in Bahrain and when he entered the country officials gave him a list of things he is not allowed to do. So you can imagine he’s walking on his toes every single day.
On the other hand, I have a Muslim neighbor who left Saudi Arabia because the environment was stifling. He respects Canada and everything it stands for and doesn’t push his religion on anyone. He has assimilated quite nicely. And I can say that for other Muslims I have come across as well. Now, there is a minority of Muslims who want western countries to adapt Sharia Law. To those individuals I say they are free to go back to their home country.
Chris what you describe in your second paragraph has also been my experience.l
CFS,
Firstly, the fact that you find Islam as an unacceptable religion is your own call and your own right to say.
Secondly, I don’t need to provide answers to questions you necessarily have or make comments on things that I may/might – according to you – claim.
You have your views, which I respect, and I have mine. As usual, on this religious topic, as well Israel/Palestine (currently occupied Palestinian territories) and Iran, we’ll have to agree to disagree, and I’ll leave it there.
Lastly, re: your comment about England etc…
I would suspect the issue on the topic you raised is the welfare system and the laws in England, not people’s behavior. For ex., in France, polygamy is legally recognized.
I always said, if you put a $100 bill on a table for people to take, most people will take it. So IMHO, we shall not blame the people who take the bill, but instead blame those who put the bill on the table in the first place.
Hope everyone is having a good week-end, and GL investing/trading next week.
LPG
I agree with you LPG
Typo in my post above.
In France, polygamy is NOT legally recognized.
My bad, and apologies.
LPG
Did kind of wonder about that L P G!
Very interesting comments, Professor!
CFS,
The vast majority of ISIS victims are muslims. Not sure people stop, think for a second and realize that.
The fact that a few (be they a few hundreds or even a few thousands) non-muslims are killed doesn’t make it a majority, despite what the “medias” want us to believe.
Best to you,
LPG
Again I completely agree LPG
Monsieur Galley;
That most ISIS victims are muslim is only a start. Wait until they move further.
The fact that they killed or ransomed all the Christians and then killed more muslims does not make them acceptable.
How many Christians or Jews are left in ISIS territory?
How many churches or synagogues are allowed in Islamic countries?
The real danger is the breeding rate and the fact that as soon as they have the political power to introduce Sharia Law, they do so.
Oman is the most acceptable Islamic country I have visited.
What has happened so quickly in Turkey should be a lesson to non-muslims.
Europe needs to wake up or it will have irrevocably changed in just two generations.
Sorry, I misspelled your name Mr. Gally.
It’s all good CFS.
Best,
LPG
Birdman,
Thanks for the added point re: synagogue in Egypt.
Good to know and thanks for correcting me if I point something which isn’t accurate.
Best to you,
LPG
*** FIRST: Re: churches and synagogues.
According to my understanding:
1) In IRAN, one can find and go to both churches AND synagogues.
As an aside, for whoever doesn’t know it already, a seat is “reserved” within the Iranian “Parliament” for a representative of the Jewish community (as per the Iranian constitution re: representation of minorities in the “Parliament”) .
In Bahrain (a mostly Shia’a populated country), one can find and go to churches and synagogues (or should I say A/one synagogue as there is only one, but one has to understand Bahrein is tiny, and even more so is the jewish community).
2) Other Middle-East countries where one can go to church/temple:
Oman – as you know -, Qatar, Kuwait, the UAE, Syria, Iraq, Jordan, Syria, Lebanon, Egypt.
3) In Egypt and Lebanon, one can also go to synagogues.
There were also at least one in Syria until last year, but it seems it was pretty much destroyed because of the conflict taking place.
4) The ONLY country in the Middle-East where one CANNOT find a single church or synagogue is SAUDI ARABIA… (…)
=> TO RECAP:
a) One can go to a church/temple in ANY country in the Middle EXCEPT Saudi Arabia.
b) One can go to a synagogue in Iran, Bahrein, Lebanon, Egypt, and until recently, Syria.
c) Practicing christian faith in a religious building is possible in ANY OTHER Middle-East country. But it is not possible to do so for jews.
*** SECONDLY:
As you and other people on kereport are aware of, I do not confuse ISIS with Islam/muslims.
If some of us are fearful/scared that ISIS (or the next acronym that some gvts/gvt agencies will create soon when the ISIS bla bla bla will expire) will spread and invade Europe etc… I would just say: c-h-i-l-l o-u-t.
*** THIRDLY: Re: Sharia law as soon as “they” (who are the “they” you are referring to here, I don’t know…) have the political power.
Well, if a group has political power, he can change things according to the power allowed to it and its representatives via laws and Constitution (where applicable – as the UK doesn’t have any constitution).
Now, if the natives – which slowly, because of demographics, became a minority – feels oppressed or that there is a risk of oppression, there is always the “option” of taking the street/revolution/civil wars.
And don’t forget that in that case, history has shown it is always easier to fight what is seen as an invader in what the land of your ancestors than to fight in a country that isn’t “yours” even if you live in it – for this , check/take evidence in the resilience of the resistance of Palestinians living in occupied territories under Israeli military occupation, and, at the opposite side of the spectrum, check the fate of US soldiers in Iraq, Afghanistan and as far back as Vietnam over the recent years.
My 2 cts.
Best to you,
LPG
I am afraid I have to argue with you on point number #3, LPG. I was in Cairo and visited a Synagogue which was once a tourist site according to guidebooks. It is now closed and manned by armed guards day and night (for security reasons they say). Pictures were forbidden and the security men threatened to take my camera when I persisted in taking a photo from a distance. There are not any operating Synagogues in Egypt at this time to my knowledge. See the link below where it details that the last one that was operating in Alexandria has now been permanently shut in 2012. And don’t even mention churches which are much more common. The mood there is quite sour towards Coptic Christians.
Egypt Shuts Down Last Jewish Synagogue
http://www.frontpagemag.com/2012/dgreenfield/egypt-shuts-down-last-jewish-synagogue/
Reposting here as I posted up there by mistake.
*****
Birdman,
Thanks for the added point re: synagogue in Egypt.
Good to know and thanks for correcting me if I point something which isn’t accurate.
Best to you,
LPG
Thanks and I completely agree with your other comments.
CFS +1
Can we get an update on the encompass fund?
You bet. I will check as soon as I am done here.
And here is your update: NAV is $3.60. Years ago I purchased it at around $7.50 and sold at a loss. (This was all prior to the instigation of our three day notice policy by the way.)
Re. Segment 4:
Do you really think Hillary Clinton has not gone through all her private emails and destroyed anything dangerous?
Secondly, this is a much bigger scandal than the press is investigating. It is common practice for high level Obama officials to use private emails. It is well known common practice in the EPA, as FOIA suits have also revealed.
Similarly within the Department of Justice.
Hey Al and crew, thanks for bringing on James Bovard. There is hardly a better researcher and teacher alive of a US government gone terribly awry.
Oh, and with regard to Rand Paul and his apparent drift toward neo-conservatism with regard to foreign policy, I would suggest that, unlike his father, he knows you have to sometimes tell the people what they most want to hear and then when you’re in office you can be a “loon”. It’s a dirty game, for sure, but you have to play to win.
Again, I agree and that is so sad!
Absolutely, James Bovard is an American treasure.
Attention Deficit Democracy is awesome as are all his books. Also, his autobiography is a real hoot. The reaction he gets from gummit bureaucRats is priceless.
I am pretty impressed and started reading one of his books yesterday.
Dang, you boyz see this?
A 200GB MicroSD card? 200GB on the size of a thumb tack. That is insane and I didn’t even realize there are 128GB ones already on the market. Years ago I bought an 8GB one and still have gigs of space on it.
Hah, now a days you can get an 8GB MicroSD card for only $5 at newegg.com, geez where does this technology take us?
I wonder how long it will be before we see terabyte microSDs. But with the NSA hacking everything and all the gummit false flags maybe that should be terrorbyte.
That is impressive. A pity most user devices are limited to handling only 20 or 80 Gig., but that will change quickly.
I remember when an 80MB hard drive was impressive.
I remember when 64K was a monolithic breakthrough. But then I am older than you guys.
Not older than me!
I thought Betrayus got probation. I don’t think he serves a day of jail or prison time.
Under his deal with prosecutors, Petraeus pleaded guilty to just one count of unauthorized removal and retention of classified information, a misdemeanor that can be punishable by a year in jail, though the deal calls only for probation and a $40,000 fine. As The New York Times noted yesterday, the deal “allows Mr. Petraeus to focus on his lucrative post-government career as a partner in a private equity firm and a worldwide speaker on typical post-career political circuit.
I think his lover to whom he gave the info still has 13 months to serve on her sentence.
Interesting. I had no idea what happened to his mistress. It just shows money talks and everything else walks…or sits in prison.
Bill and Shillary are corrupt, criminal traitors who should be spending the rest of their days in prison cells instead of in mansions ruling over us peasants.
You have to admit Eddie that they are masterful politicians!
+1 Al.
Best to you,
LPG
Thanks man!
Yes. They are tax farmers and we are their tax livestock.
On the topic of prison, this was on Zerohedge yesterday. Some of you might have read/heard about it already though:
Best to all,
LPG
How can we expect anything to change in the east when business as usual goes on here in the west?
The blood of the victims of 911 is still on the hands of those guilty of conspiring the crime.
Thank God for Senator Bob Graham and others.
The American people along with all the people of the world have been denied the truth long enough.
It is time for the truth to come out.https://www.youtube.com/watch?v=V4eNKp-5bQA
How can we expect anything to change in the east when business as usual goes on here in the west?
The blood of the victims of 911 is still on the hands of those guilty of conspiring the crime.
Our rulers would have it no other way. And any peon who they consider a threat will be liquidated.
ditto…………..
Ebolan: There are war mongers and there are fear mongers.
Believing that somehow you will be liquidated is totally crazy talk.
Are we forever to to live our lives in fear of the belief that that if we don’t follow the agenda, bad things will happen?-hogwash
Three months ago I posted “Why do we tolerate Radical Fundamentalist Muslim Theocracies and their human rights abuses” Why are we doing business,trade with these governments ? As a country are we some how better off allowing this to continue?
Believing that somehow you will be liquidated is totally crazy talk
I said they would liquidate those the elites consider a threat to them. If you do not believe that you need to check out Operation Gladio (Corbet report is a good source.)
thank-you Ebolan
Did you happen to read the editorial in yesterday’s Wall Sreet Journal entitled “How America was Mislead” . If not, you should!
Talk about dumming down America.
Go to your public library and try get a copy of yesterdays WSJ.
A friend went to the Blaine public library to get a copy of The Manchurian President. Not on the shelves so they had to get it out of storeage.
I was curious one day and went and looked to see if they had any books on Nicolas Tesla and they didn’t have a one.
I thank you for the recommendation on The Creature from Jeckyl Island.
The truth has been told around here for at least 9 yrs. and nobody was listening…….
WELCOME TO THE …………..US OF A…….corporation of THE americas…….
check out the ACT OF 1871
Thanks Jerry,
We owe you one!
Al,
I will take that as positive and you are welcome!
So Jebby asking his New World Odor chums to NOT donate more than a million dollars now…isn’t that special…don’t want to look too bad to the peons just yet.
There are your choices: Shillary or Jebby.
What else can you expect in this neo-fuedal casino plantation gulag society?
Politics as usual Eddie!
I think if a person votes now they are just supporting this system.
Casey was right years ago, the only way to show opposition is not to vote.
Another way to look at it is when a person votes, either democrat or republican,
you support this fascist police state and their wars.
If enough people didn’t vote, the system would crash.
When a person votes they become responsible for these wars etc.
Besides, when they don’t like who you vote for they don’t count it anyway.
Yup. What’s the old saying? If voting could change anything they’d outlaw it…or something like that.
I guess there was a group of lawyers looking into why Ron Paul votes never got counted.
I never did hear what happened with that.
bb,
Not sure about your last sentence, but +1 for the voting part.
Best to you,
LPG
Yes it would bb
ITs hard to have any interest in the PM markets. They certainly don;t look like a good hedge for anything in the past 4 years.
Slowly wandering off the reservation…..seems there is nowhere safe to go though.
Seems to be the case, but this too shall pass! Just stay informed and be ready.
Putin: “Today we are witnessing an almost unconstrained hyper use of force that is plunging the world into an abyss of permanent conflicts…The United States, has overstepped its national borders in every way….and of course this is extremely dangerous. It results in the fact that no one feels safe. I want to emphasize this — no one feels safe.” Vladimir Putin, Munich 2007
Putin isn’t a perfect man. He has his shortcomings and flaws like everyone else. But he appears to be a decent person who has made great strides in restoring Russia’s economy after it was looted by agents of the US following the dissolution of the Soviet Union. He has lifted living standards, increased pensions, reduced poverty, and improved education and health care which is why his public approval ratings are currently hovering at an eye-watering 86 percent. Even so, Putin is most admired for standing up to the United States and blocking its strategy to pivot to Asia. The proxy war in Ukraine is actually a struggle to thwart Washington’s plan to break up the Russian Federation, encircle China, control the flow of resources from Asia to Europe, and rule the world. Vladimir Putin is at the forefront of that conflagration which is why he has gained the respect and admiration of people around the wo rld.
As for “democracy”, Putin said it best himself:
“Am I a ‘pure democrat’? (laughs) Of course I am. Absolutely. The problem is that I’m all alone, the only one of my kind in the whole world. Just look at what’s happening in America, it’s terrible—torture, homeless people, Guantanamo, people detained without trial or investigation. And look at Europe—harsh treatment of demonstrators, rubber bullets and tear gas used in one capital after another, demonstrators killed on the streets… I have no one to talk to since Gandhi died.”
What an interesting statement!
“Am I a ‘pure democrat’? (laughs) Of course I am. Absolutely. The problem is that I’m all alone, the only one of my kind in the whole world.
Statements have been made that Putin is the richest man in the world – with the exception of the 13 families. $200 billion is not bad money. The wealth transfers have been enormous over the last several decades. You have to wonder if they make it, when the SHTF.
Finance More: Russia
Russia’s former largest foreign investor: Putin is worth $200 billion
His money can’t help him now.
Apparently, ”…irrefutable proof…” is now surfacing, as I type this, that Putin was definitely implicated in Nemtsov’s take-out. Incredible !!
See: http://thesaker.is/putin-did-kill-nemtsov-we-now-have-the-proof/
Al,
Have you researched the act of 1871?
Will you research it?
Then, will you ask congressman Jones and Glen Downs what their position is to repeal the act of 1871?
There are many on this site that would be interested to hear what they say.
Thanks
DITTO
Maybe I don’t understand the obsession with this one Jerry. What is the problem?
Have you done any reading on the TOPIC………yes or no……….
Just curious about why YOU keep mentioning it all the time.
BIRD………I assume your answer is NO…..
So basically you just keep saying 1871 and don’t know why its important to you? You are one strange dude Jerry but each to his own. You just seem so obsessed about it that I thought maybe there was a personal reason. Have you talked to the goldfish about it?
By the way, I did read up on it………and its total crap.
J,,,,,,THE LONG ,,,,,,,OOTB ! AND BIRDMAN ! LOOK 8 DISS AND ANSER ME TANK U ! https://www.youtube.com/watch?v=j0XobMAloVw
Bird,
We agree that it’s crap. That’s why we want to repeal it.
If you are saying it’s crap, as in not real? Your full of crap.
BIRD…….So, you read it , …..We what did it say……….
Bird …..can not answer that one Chartster……..
Bird…….Your insults only show, your lack of knowledge in the subject matter….
BIRD …..You said you were curious…..why I mentioned it,…. if you knew anything about it , you would not have asked to begin with………………
Bird…….btw………..I posted the answer to your question……..1871….LAST WEEK..
OK, relax you guys. I only meant its a bad deal for you Americans if its true. Shorthand version I said its crap (as in the deal, not your objection). But I read quite a few documents and don’t see much official backing up the assertion there is such a big difference between of and for. Maybe the problem is in the interpretation and the change is not quite as earthshaking as some of the writers imply. I really don’t know. But like I keep asking, why do you guys care so much? Did it cost you money or something?
BIRD….You have not read, or you do not understand any of the documents which the forefathers created.
Okay
Building 7……the Grassy Knoll……Area 51……and now the act of 1871.
It’s all coming into focus all of a sudden.
You forgot the aliens.
I wish people would stop forgetting the aliens, theyre friends of mine, I just havnt met them yet.
Oh yeah, what the hell was I thinking. And remote mind control, and anal probes, Donald Rumsfeld, the Queen of England with double eyelids and of course the Bilderbergs, Council on Foreign Relations, Rothschild conspiracy and Jekyll Island.
Shoot! I almost forgot about gold suppression and the evil cabal of Bankers.
Did I forget anything?
Yeah Bird, you forgot the Lubbock Lights!
Jekyl Island?, what the heck is wrong with the Jekyl Island story?
Meeting was true…conspiracy to control the world is bunk (in my opinion).
I could be wrong, but wasn’t Jekyl Island when the bankers decided to buy all the newspapers? After they realised how inexpensive it was to do.
Did they put a gun to everyone’s head and make them read and believe too?
I mean, where the hell is personal responsibility anymore? Is it just a blame game and we are all led around by a few guys too smart for the rest of us? This is insane. The public did not get dumbed down. They were just lazy and indifferent. That is their fault. Nothing ever changes in all history and the sheep will always be led because that is what sheep are intended for.
Good point, did people really need to be “dumbed down?”
I guess what is ment by that is they just believe the BS they are told.
You get me.
Everywhere we turn it is the same repetitive blame game lately. The stories on the internet on virtually all the side-stream websites are the same idiotic formula. The Bankers are to blame…the Fed is to blame….the Government is to blame.
It is a total f**cking bore and I am getting sick from it all.
NOBODY accepts personal responsibility.
All I read is how the Rothchild’s or the Troika or the Obama or the 1% or the martians or the Democrats from outer space are doing something secretly bad to us and we are all getting screwed. Apparently because they are all a whole lot smarter Chess players and we are all too stupid to understand the game.
Maybe that’s what really upsets me about KWN. The very essence of the show is that there is a conspiracy of smart powerful people working behind the scenes to steal our money and our dignity. No real facts either other that flimsy little pieces of driftwood that the weak minded cling too in a storm. Just blame and accusations.
Our own Gary Savage does it too. He drives me nuts with his idiotic conspiracy ideas and does not see the inconsistency of saying on the one hand that the Fed has our backs while on the other asserting they are robbing gold investors blind with market manipulation and machinations.
Too stupid for words.
But you know what bb? When we accept all the loser blame game theory what we are really doing is admitting we are weak and lazy. That there are people who are more discipline and intelligent that us and we are not even worthy to play in the same sandbox
I just hate it like poison. It is why Gold-Bugs disgust me so much. They cry victim from dawn till dusk and not one of them ever thinks maybe they made a mistake or maybe they just don’t understand metals and commodity markets.
So since they can’t learn therefore everyone is against them. How can they lose with that philosophy? Just blame, blame, blame. They cannot even be bothered to learn the basics after reading sites exactly like this for years on end where excellent advice was offered for FREE!!!!
Guess I am just saying they have to grow up and stop being so infantile.
I have tried to post this three times. Not sure what is wrong.
Okay to summarize what I said about an hour and a half ago.
Most people are not willing to take responsibility for their own actions – True! It is always somebody else’s fault.
Investing and most of life is simply a chess game. A person better be in the arena where they can play the game with expertise. Simple as that. No more and no less!
lol Too funny Bird.
Alberta has to run a deficit for awhile, lots of discussion about what to do about it.
Jim Prentice, the guy that wants to be premier says everyone is to blame, all Albertans, we shared the benefits spending to our income.
Heck he almost got himself hung. lol
Well I have bb, and they have great taste is good red wine!
Yeah, it’s too bad Al. Getting to the point I can hardly read some sites anymore because the story always reads the same way. Sorry about the rant by the way. That one really flew off my keyboard and got posted before I put my brain in gear and reviewed it. I should not have mentioned Gary since that was a little unfair. Feel free to delete it….sorry Gary!
Your comments don’t get dealeted.
OK thanks Al….but there are a few I regret because they were spontaneous outbursts. I kind of feel bad about picking on Gary is all because I really like the guy and think he is pretty bright.
Birdman:
Concerning area 51 I suggest reading “Hitlers Flying Saucers” by Henry Stevens.
Yeah…no thanks! Ha!!!!!!!
Bird, do you think building 7 fell collapsed because of the vibration of the other buildings? Martin Armstrong’s documents against the banks didn’t go down with it?
911 loose change, left more unanswered questions than the missing 2.3 trillion accounting error.
Building 7 fell because it was very poorly constructed.
lol, you mean it wasn’t a fire started in a waste basket?
Honestly bb, I have no idea. Maybe it was just old.
Controlled demolition Bird, same as the towers.
I swear man, I was not there when it happened. All a coincidence.
That is also the case in England where polygamy is also NOT recognized. However Muslims circumvent the law by having one l”legal” wife under english law and then up to 4 wives total by using informal Islamic marriages for the other wives. They still claim all wives and children as dependents for tax purposes.
It was my understanding the for France, although it does not recognize polygamous marriages that occur in France, it does recognize polygamous marriages that occur outside of France. i.e. If a french-born citizen were non-resident in France, say, living in an Islamic country in the Middle East and got married polygamously, then on return to France those marriages would all be legally recognized. Am I incorrect? I did talk to some people from Morocco or Algeria in France a few years ago and that is what I was told. (The conversation was in french and my french needs practice badly.)
CFS,
I’ll have to come back to you on your second point re: polygamy in France as I don’t know. But I’ll ask to people familiar with the law.
Re: what occurs in the UK, again, I don’t blame the people. If there’s any blame to be had, for me, it’s on the system: either for its inefficacy in not catching those (assuming it’s illegal) or for its flaws (if this is a tax/legal loophole).
If I haven’t come back to you re: France’s situation within 2 days, please remind me.
Best to you,
LPG
ok… just as a follow-up.
I just performed some search.
Seems that polygamy is not legally recognized in France – period.
As a French citizen, one cannot “claim” in France several wifes/husbands.
As a foreigner willing to live in France, he/she cannot “claim” several wives/husbands and ask for the (social) benefits potentially attached to them.
Obviously, if benefits are claimed and the system don’t catch this behavior from one of the spouses (such as your ex. of the UK), that’s a different matter.
I note that it is illegal in France for someone to LIVE under the same roof of more than one spouse. Obviously this relates to foreigners as a French citizen cannot have more than 1 marriage recorded by French authorities.
Best and hope this clarifies.
LPG
At one time I was looking at having more than one wife.
Unfortunatly my wife at the time wouldn’t let me.
Ha! Mine won’t agree either and I get marriage offers all the time. If only there were enough time in a life to have it all. But one is quite enough.
One is definitely enough if you think she is the best!
Yup, one is very fine and you are right Al, she is the best for me.
***** ANDREW MACGUIRE AND GERALD CELENTE SAYS HSBC BANK CLOSING ALL GOLD VAULTS IN LONDON ****** A MUST LISTEN:
http://kingworldnews.com/Gerald-celente-3-7-15/
” THIS IS SHOCKING “
you have not read any of the above post………………
but, I am glad you pasted and posted…….
WHY SHOULD I………………..their not talking about this…………
check out cfs and my post yesterday……….I am on your side………
I THINK THEY ARE CLOSING THEIR VAULTS BECAUSE THEY KNOW SOON THAT THEY WILL HAVE TO SHOW FACE………….and the face is………….THEY DON’T HAVE ANY GOLD !!!! They are getting out while the getting is good before these new physical exchanges come on line and before real ARBITRAGE IN PRICE FOR GOLD AND SILVER starts to unfold.
CFS AND I discussed this yesterday ………I think you are correct…………….j
I thought it was a big deal and mentioned it to AL………..and he said he would be discussing the topic………….well see…………………..j
…….this is BIG NEWS, everyone on here should be talking about this !!!
you know the trolls will say it is no big deal…………..
Yes Mark and J, it is big deal. It is first ABN Amro, then Deutsche Bank and now it is HSBC. All these big banks are either got out of their traditional gold business or stop participate in gold rigging. Don’t worry about a few bad apples. They come here to confuse and discourage us.
ditto…………….and thanks……………………..
I talked to a friend of mine today who holds gold with HSBC and he told me it was true……….he is now in the process of buying REAL PHYSICAL with his holdings……..he said something is up !!!!!
YEP
IS he getting the phyz or settling in paper…….?
I have my gold in a safety deposit box with HSBC Canada. Hope it is OK.
too funny…………..
What is funny? It is true. I hope they don’t search my box for gold. It is Canada, don’t want to get too carried away.
I read a long time ago……..do not keep your gold in a lock box in any US BANK.
But, you did mention Canada, so , I hope it is ok.
Lawrence…you have a lot of confidence in being protected from others. What happens
if the bank has a derivatives melt down? Are They Going After Safe Deposit Boxes?
http://armstrongeconomics.com/2013/09/08/are-they-going-after-safety-deposit-boxes/
Canada is fine Lawrence….if you are a Canadian. I would not think that safety deposit boxes are protected territory for foreigners though. Not with the new Fatca regulations anyway. I kind of suspect you could not even rent one with an American passport although I would have to check on that.
Bird…….”I would not think” you say………Problem number one.
You not supposed to use safe boxes in Canada for PMs either, need to read the contract you sign when you rent them. Slightly different at different banks.
Not sure, but since that economic action plan and the banks own your money, they might own the contents of the safety deposit boxes too.
Maybe your problem is because you have a reading, writing and comprehension problem. But that aside, here is an answer to storage of gold, cash, currency and coins from TD Canada Trust that might answer your question.
“Use of safety deposit box – You will not store in the box currency or legal tender of any country or jurisdiction, nor use the box for any purpose other than the storage of valuable papers and property which do not conflict with any laws, rules or regulations regarding fires or health or which are, in our absolute opinion, a danger or nuisance. You will not mark or deface the box in any way. You may not assign,
sublet or transfer the right to the safety deposit box or access to it. We may immediately terminate your rights hereunder upon any breach of
the terms of this Part E of the Agreement”.
And here is a thread from the bank that confirms the above without explicitly discussing gold. I presume that gold is considered cash, currency or money in the banks interpretation but it is left open for unknown reasons.
Can I Keep Cash in My Safety Deposit Box. — TD Canada Trust
http://www.td.com/to-our-customers/tdhelps/#psce|cid=871|lid=1|tid=001|vid=c032fe22e
Thanks Bird
My comment was for Jerry OOTB by the way….not you bb.
Bird , you are to funny………..Your mind is devilish as I said before….
I disagree on that one Jerry. He just believes other things. So what?
Go back to your bible.
I guess that you are talking to me.
I still believe it. Certain players are just evil!
Bird……that is the smartest thing you have said in a week.
Thanks for the information. I think storing gold is fine since everytime a bank clerk have been beside me.
I personally don’t. If the shtf, I want precious metals in my possession!
No Al, that remark about going back to the bible was my retort to Jerry. How did you manage to post a comment inside our conversation btw? I can’t see a “Reply to Comment” anywhere on the thread except at the start.
I have no idea.
Must be a SIGN………..lol
Mark,
I think they are closing it off to prohibit people from taking the physical and settle for cash. Cause they have no physical gold….
Since people in the west is very reluctance to take out physical, taking away storage may force most people to sell at least majority of their gold. Not a bad strategy. In China, people use heavy safe to store their valuables.
ALL PHYZ…………………….after 15 years with them, he said something is definitely going on…….and it’s not good.
thanks……..
ICE ………begins Mar 20……….Internation Commodity Exchange………London hands over control……….wonder what that will be like…………………………j
I think ICE is Intercontinental Commodity Exchange.
I think you are correct…..
EXACTLY……………..look how many things are happening FAST in gold.
THE trolls will be out in force next week………….
Unfortunately they have all the time in the world. I have to make money to pay government.
You are both just angry that your little golden precious went down in price again thus proving beyond a shadow of a doubt your theory on money and gold and inflation is pure rubbish.
So in retaliation you call everyone here who disagrees (yet is right) a Troll but never bother to investigate the basis of your failed theories…..So what’s that old saying about repeating the same mistake over and over again and still expecting different results? I think it is called “insanity”.
And you think others here are the Trolls when it is actually YOU! Too freaking funny.
Good morning Bird.
I see you are out trolling….and in good spirits I hope…… A spiritual awaking is required, which would be the beginning of understanding…….In the beginning, God is the authority, and passes the authority to a ruler, to protect the good from the evil.
Your mind only works with a devilish intent, as is recorded in about every conversation you have with everyone here, that is in favor of FAIR WEIGHTS AND MEASURE.
You my friend , have a lack of understanding , why a group of people would want to have FAIR WEIGHTS AND MEASURES. When a corrupt govt,ie fed, bankster, HSBC, MSN, OBAMA, try and STEAL, GOD GIVEN RIGHTS, AS given thur the CONSTITUTION, BILL OF RIGHTS and THE DECLARATION OF INDEPENDANCE. GOOD PEOPLE , which were given these RIGHTS OF …..FREEDOM FROM GOD….NOT MAN get a little excited.
When man and an institution attempt to extract, steal, cheat and lie…through a SYSTEM, that was not LEGAL to begin with…….The people moan…..
Starting with ROMANS 13……it is written, that we are to respect authority, God given authority….Which is the BILL OF RIGHTS AND THE US( not the US ofA) CONSTITUTION.
Notice I SAID …..US….not the US of a…………..which was changed by the ACT OF 1871.
sorry…..FREEDOM OF …NOT FREEDOM FROM….
sorry for all misspellings, and actually I punched the submit button before I was finished
Ps………Sorry that I would expect you to have any knowledge in regards to another country’s rights and agreement…………..I do not know a thing about AFRICAN LAW, so, therefore I am sorry for that my lashing out might have offended you……….j
correction no. 2…….forget the correction that stated FREEDOM OF…,
AND JESUS …….turned over the TABLES OF THE MONEY CHANGERS.., which is the first acknowledgement ……that fair weights and measures are expected.
OK Thanks Jerry. I am getting a better idea of what you are talking about finally. The explanation helps. It was all I was asking for.
I concur completely here.
Ha, you picked this up. I thought you are better than this. I started investing in gold silver since 2004 when gold was 400 and silver was $7 in US$. In Canadian dollar it was around 15% higher than those. I always buy more when price is low and sell some when price is high. So my investment is dong fine even though not as well as I hoped. My fundamental theoretical base is on the money printing by the central banks. They have no choice but print because they screwed up in the and still doing so. . They certainly have not disappointed me. Money printing leads to inflation and PM price going up has been proven right for the entire human history. This can not be covered up by a few years’ derivative creation and selling of official gold reserves. The real problem is impoverishment of general public by the elites using financial repression scheme. However the general public are totally unaware due to the indoctrination by the people like you. People seem numb to the debt and derivatives in every level and not realized they are on the hook for these, all because of people like you, you turned media into giant brain wash machine. Now you are doing it to this alternative media. Martin Armstrong might be right, someday people may hang bankers as they did before. I sincerely hope that we do not follow Nazi Germany’s example.
BTW, I have invested in many areas, PM is only one. My real estate, stocks, China investment are doing great.
Good post J…..Long…….
Chartster…..thank you ….appreciate……..j.
You said I was a banker Lawrence. I did not say that. It’s a little tiresome that every time somebody makes a counter point to what some of you guys write that you immediately call me evil, a troll or a banker. What the f*** is with all the name calling and false accusations anyway. Can’t you just have a disagreement anymore and move on?
Some of you gold-tards seem literally insane from where I stand. And you call yourselves men of science!!!! What a joke.
I for one like to hear dissenting views. For me gold and silver is a hedge against all the money printing that’s been going on and my bet that it will continue. Its not an investment as much as insurance. I have it to hold from 5 to 10 years that’s why I don’t really care to much if it drops some.
But if does go up before 5 years, then I will be claiming its an investment.
Thanks gregd, my thoughts exactly!
Thanks Greg! Some of these guys just seem to insist I drink their Kol-Aid though and then they start hurling insults at anyone who disagrees with their narrow conspiracy view of the world. Like we should all think alike or something. Maybe they want to own the internet and control all the thoughts that come in…..so no dissent is allowed for gold bugs. We have got to tow the gold-tard party line or we won’t fit in.
Honestly, I really don’t care what most of them think. Their minds seem warped.
Everyone is different and believes different things Bird. You know that!
I think I did not say you are a banker since I don’t know. What I said is the people like you. It is a force involving many people. Not every banker is bad. I have several bankers who are regular people like me. They don’t make as much money as I do. What I mean is in a generic sense. A group high level bankers who buy out and control politicians as well as many countries. I am sure this is what people mean by bankers (should we use banksters?). Banker is not by profession, it is a combination of big money and politics. I just follow a convention.
Agree Lawrence.
Remember I too was once a banker!
OH NO OWL…………YOU ARE An X MONEY CHANGER……..now we know the real problem
J….They are out already….tweet, tweet ..flap , flap.
IRISH…..you are music to my ears………..
Darn it Jerry, please quit placating the guy!
J….They are out already….tweet , tweet…flap , flap..
ditto plus 2
That was worth repeating.
Gold Tards!
BIRD TARD,
BIRD TARD….re …peat, the tweet
Tweety pie….you know we lov ya………………
***** HERE’S MORE INFO ON THE FAST MOVING EVENTS IN GOLD, LISTEN TO PM EXPERT NED NAYLOR-LEYLAND TODAY ON THE KEISER REPORT ******
https://www.youtube.com/watch?v=gGx1Dnfu7ew
*** THE INTERVIEW WITH NED STARTS AT THE SECOND HALF OF THE SHOW, ANOTHER MUST WATCH ***
I LIKE where he says that even ONE OUNCE of gold will be very important moving forward.
YO FRANKY…………WHAT MESSAGE WITH THE CRAZY VIDEOS ARE YOU TRYING TO SEND YO ????
BUY GOLD AND SILVER MORE COMING !
LOL !!!!!!!!!!!!! Where are you finding these videos !!!!!!!!!!!!
Gold up $500/oz. in 3rd markets?
What is third market?
So is Gold trading at over $1700 right now?
Until I see gold up $500, trading north of $1700, I won’t believe anything from that website.
I don’t listen to kwn. He acts like such a child who likes words like AMAZING, INCREDIBILE, ASTONOSHING, CATACLYSMIC.
OK I TELL YOU DON’t LOOK TV NEWS ! Don’T respont !
ONLY REAL IS REAL ! https://www.youtube.com/watch?v=QU_gny1bBzU
BUY GOLD ! https://www.youtube.com/watch?v=XJtLHtffZvw
Sorry, you ain’t gonna see Big Al Korelin watch that one to the end.
You may not have seen it, but I did. I happen to love that song.
I highly recommend you watch this trailer, Franky. And everyone for that matter.
Ebolan,
Good stuff. Mr. Harris has a brilliant mind and clearly a very deep thinker. He’s superbly skilled in delivering his thoughts cogently in a very laymen oriented format.
What a fascinating high IQ individual.
Dave you nailed it. That site is pathetic sensationalizing pill of crap. Like most sites.
Bob Moriarty is right on his bumper.
Bob is a bonehead. He is so full of himself. ONLY HE understands the world.
Listen, almost evertime he does an interview he tells the interviewer YOU ARE WRONG.
Instead of saying, I respectfully disagree with you, he ridicules the interviewer. You are wrong.
I can easily list 10 things he has been 100% wrong.
Hey Bob, learn.
Everyone is your elder, in that you may learn from them.
🙂
🙂 🙂
Once again Dave you nailed it. I sent him an email and told him he was a ego maniac…
🙂 🙂 🙂 But he will say you are wrong. Of course!
Putting that aside, the world really does not need anymore of Bob’s open racist anti-Israeli propaganda. I don’t know who pissed in his Cornflakes but his remarks are starting to rub me the wrong way.
I’ve come to think he has a screw loose…selling fear fear FEAR!!
Yes, that is the worst thing to do, buying when there is fear in the air.
The only reason to buy is because it is cheap.
Buying on fear, usually marks a short term top. Buying when fear is in the air costs you money.
The question is can gold below $1000.00/oz.? Certainly it can. Will it? I don’t think so.
Are you mentally prepared if it does? If not, don’t play at all or buy less. Buy what you feel comfortable with and no more.
Just realize that Mr. Market has it wrong. Think of all we’ve been through in the last 15 years. Gold peaked at 1900 and silver 50. At the climax of fear. Systemic failure, wars, Iraq, Afghanistan, Libya, Egypt, quantitative easing, zero interest rates. It was all there for a top.
At current prices the environment reminds me of a price low. World peace around the corner (peace with Iran) gas prices at 15 year lows, silver in the teens. Think about that one. Think about all that labor, to search, find, excavate, clean, refine, stamp, and package for sale. And buy a silver eagle for under $20 per. That is cheap. Period.
I could care less what any technical chart says its time to hold what you got and buy a little each time it drops. And ignore everyone.
ALL TECHNICIANS, and I do means all, ALWAYS change their lower targets. anyway. Whatever price their lower price target is, when that is breached, provide an even lower target. It occurs in any and all markets. So what are they then? Are they technicians, or trend followers?
Buying the nasdaq at 5000, is that cheap? I could care less what any technical chart reads.
Is it in expensive? It certainly isn’t cheap, and everyone knows it. But those money managers know they are smarter or faster than the next guy, so they play the game.
But since we are at the greater fool point of that market you must ask yourself, is this a smart thing to do? Money is a store of value. It represents labor, either physical or mental. Is it safe to put my blood, sweat, and tears in this asset.
Is there a sucker out there, that will buy it from me at a higher price if I buy it today?
Sooner or later gold and silver will catch a bid when those either manipulating the market lower by naked shorting or those who are long stop selling.
It turns when those who are up to their eyeballs in stocks, bonds, real estate realize they are putting way to much of their blood sweat and tears into stocks, bonds, and those type of assets. They will ask themselves, do I really need more of this? Is this smart?
Out of favor assets like gold and silver are exactly that. Do you want to buy at 1900 or 1170? Silver at 50 or silver at 16?
Good luck.
OK, name them. I don’t believe you can.
The markets are rigged. Just read or listen to the evidence Chris Powell has uncovered. The governments and banks are corrupt to the core. We truly live in a neo-feudal casino plantation gulag economy.
Thanks, Nice find. Everyone should take a look. I’m in to deep with gold and silver to get out now but I’m not buying anymore.
I think its a good thing people are finally starting to accept this info.
People have been saying for decades, the market is rigged.
Maybe people are just ready to hear it now.
Its tuff actually, finding out your not really free.
When we have been living in delusion truth is mind boggaling when a person finally sees it.
“the truth will set you free,you cant handle the truth” etc etc
The mind sticks to what it believes, defends the belief tooth and nail right or wrong.
So, now that people are ready to accept theyre lives are controlled, what are they going to do about it? Gonna buy that new appliance that spys on you all day? lol
I don’t think I’d wanna be in GLD right now..
Vapor paper at it’s finest…
ditto………..j
Vapor Paper? Hey……I invented that expression! It’s a Birdman exclusive.
Is that anything like AL GORE INVENTING THE INTERNET………..LOL
It looks as if the comex could be next…
All paper products based on no assets or credit are about to go bye bye…
It’s quite obvious right now.
And hello…asset based currency and bonds. Just like I have said for a while now. ( which fell on deaf ears.. )
More on Israel’s PM, from Zerohedge:
Best to all,
LPG
Don’t be so easily deluded. It is election time there and the opposition has seized on an issue in attempts to support its own candidates and smear the Prime Minister. Do you really think an incoming candidate will take a position that is all that different where it comes to the security of the State? All the protest was about was a change in power and who leads (and who benefits by voting for them)……just as it is everywhere else all the time. So there are no easy conclusions that suggest maybe the Israeli people suddenly support Iran or their weapons program or Obama and his attempts to make a deal. You have read this all wrong so to say.
I have a different take Bird, I see it as some Israelis want peace, not war.
Kinda shocking the people there would be the same as everyone else. To some people.
People around the world gotta realise its the psychopaths that take us to war and evil deeds, eventually maybe.
Of course Israelis want peace. It is the one thing they have never had and they are quite divided on what to do about all the threats that are taking place outside their borders. Can you imagine living there and wondering each day if some damn fool is going to lob a bomb on you for hatred? Its just a postage size country bb. Compared to the US its like a spare bedroom and no more. You can walk across the width of it in a day (even if your old and wheezy!).
Just out of interest, off topic I guess.
But in 1933 when Hitler became chanceler? The germans offered to the German Jews an opportunity to move to palistine.
Depends on who you read of course but what I have been able to figure, is a Jew would deposit his money in Germany, that cash bought farming equipment in Germany and was shipped to Palistine and sold there. The money and profit of the sale would be givin to the person that deposited it in Germany. There was a treaty between the German government and the Jews for this. I forget he name. Was profitable all around I guess.
Anyway, this went on till about 1941/2 until the Germans needed their ships for the war.
I have not heard that one, bb. Any documentation?
Probably best if you and I don’t discuss this topic because there is going to be fireworks bb.
lol, fire works are a good thing. You can blame me for finding this out and mentioning it, but I didn’t come up with the treaty, “Haavara Agreement”.
Researching it you do find some discrepancys, but the over all gist is the same.
Another note, I found one big reason Hitler didn’t like Zionists was their roll in getting the Americans into the first war.
Im not trying to promote Hitler here, Im just sayin, stuff like one of Hitlers drivers was a jew and personal friend of Hitlers for example,thats something you never hear, not everything we hear from the victors of any givin war is entirely accurate.
One of the biggest lies for example, by the Americans, they won the war. How arrogant.
Anyway, not everything we hear is true.
Just for fun, another reason Hitler didn’t want the Jews in Germany, they controlled the banking.
The Vatican bank played a big part with the Nazis, and it was Mussolini that returned the Vatican to Italy.
Darned fascists.
Some truth to that, but a bit simplistic bb. I believe that Hitler had much larger and more evil reasons.
Regarding the Vatican, I am very sorry to say that I believe that was the case.
Sounds like you don’t agree with Bob M!
Mr. old and wheezy!
bb,
The “excuse” of the war against the Jewish people by hitler was religion, the real reason for it was to steal the gold from the countries and diminish the Jewish population from wealth , as they were becoming competition in the banking world. They held assets! And those assets were stollen from them, as well as life it’s self.
The war was about money, not religion. Always has been always will be..
Amen Chartster!
Al, I was just stating one reason Hitler didn’t appreciate the Jews was they controlled the banking, same thing as the American president(forget which one) “killed the bank”.
Rothchild took the bank of England after the battle of Waterloo, thus, jewish banking.
The Nazis, being Christian naturally gravitated to the Vatican bank as it was Christian as well.
The Vatican helped many Nazis escape in the end.
But of course there was more to it than just banking, systems were in opposition, fascism and communism. Big opposition to one another, that’s why it was a major shock when they signed the peace treaty.
The Americans, notably the Bush family were in complete support of the Nazis and made millions from it, remember, at the time the Nazi party was a legitimate political party in the states too.
After the war, the Americans employed many Nazis, Klaus Barbie for example, the butcher of Lyon for one, fasicim has been around in the states for a long time actually.
Who was it that penned “o what a tangled web we weave?”
A lot of people don’t know this, but the German forces had Jews in it, officers and even a general or 2, as well as the wafen ss had Moslems. Unreal I know, but ya gotta remember, they lost, they don’t get to write the history.
But the main thing to learn from all this stuff is nothing has changed, we are taken to war for profit by psychopaths, doesn’t matter from what system of government.
Saying democracy is better than communism is just bologna to get people to war.
Ra Ra god is on our side lets go kill the heathens and we’ll be home by Christmas BS.
BB, in all seriousness an interesting comment!
bb….Ordinary Jewish people in Israel & Europe are fed-up with been made the scapegoats , of the minority Zionists war mongering , banker scum……
I bet they are, I would be.
Tony, bird say’s something and bb agrees, think for yourself but beware of Pinocchio and jiminy cricket.
Pinocchio is different in that a person or another Pinocchio type could always tell when he was lying.
Probably right Mr. Irish!
Al, I know you think that way, but to me it is self serving. DT
I don’t agree Machine Gun. I am too old and, quite frankly to smart, to be self serving!
Dick, try to add some content to the site instead of your usual out of the blue criticisms. You know man….put some meat on what you are saying so we know you are credible and not just a sour grapes Toronto type who is angry about the gold bears being correct.
Really bb? I thought that it was the normal “man in the street”!
“Al, I was just stating one reason Hitler didn’t appreciate the Jews was they controlled the banking,”
Oh my goodness! Hitler killed millions of Jews because they controlled the banking industry? There were no Christians in the banking industry? This is the same propaganda Goebbels was known for.
ONE reason Victor5.
I stated earlier I was NOT promoting Hitler, but history is what it is.
Had you read what I said you would have found another reason, he didn’t appreciate the Zionist getting the US into the war.
That alone contributed (maybe the primary reason) to ww 2 by the way.
There was MORE than one reason Hitler didn’t appreciate the Jews, I had merely said that ONE reason……
No offence but people might want to read before commenting.
And as for mastering Goebbels work, check McDonalds or any other of just about every Western company.
The Americans brought the propaganda guys to the states after the war.
I know, unfair of me to say, there is a big difference between the fascist police state of Germany and the American fascist police state of today.
Studying history can actually tell us where we are going Victoer5, unfortunate we have it so distorted.
I would have to agree, Bird.
Salient from Zero Hedge: Only a few days after Israeli Prime Minister Benjamin Netanyahu returned from his much publicized United States trip, during which he was celebrated and drooled over by America’s top warmongers, a large protest against him erupted in the nation’s section largest city, Tel Aviv.
Just like any other country, Israel is dealing with plenty of very important domestics issues, and people are publicly questioning whether Netanyahu’s obsession with militancy, and his shameless political stunt in from of the U.S. Congress just weeks before elections back home, make his leadership questionable. Indeed, considering the remarkable lack of judgement evidenced by him back in 2002 (see: Benjamin Netanyahu in 2002 – “If You Take Out Saddam, I Guarantee, It Will Have Enormous Positive Reverberations on the Region”), one should wonder why anyone listens to him at all.
It appears “Bibi” is far more popular with crazy American neocons than he is with his own fellow citizens. From Haaretz:
Just like any other country, Israel is dealing with plenty of very important domestics issues, and people are publicly questioning whether Netanyahu’s obsession with militancy, and his shameless political stunt in from of the U.S. Congress just weeks before elections back home, make his leadership questionable. Indeed, considering the remarkable lack of judgement evidenced by him back in 2002 (see: Benjamin Netanyahu in 2002 – “If You Take Out Saddam, I Guarantee, It Will Have Enormous Positive Reverberations on the Region”), one should wonder why anyone listens to him at all.
libertyblitzkrieg.com / Michael Krieger | Posted Saturday Mar 7, 2015 at 2:50 pm
I saw that, just more evidence the military industrial complex is alive and well.
Gotta agree with you about the military industrial complex, bb!
Gag me with a spoon!!
I was listening to the first segment. Gally made a great point that Israel sees everyone as the enemy and wants to break them up into small pieces. Of course, that’s what the intent has been since first appearing in print in 1982 in the Yinon Plan. It’s not a conspiracy, the government of Israel intends to destroy and break up any country that poses a potential threat to Israel. Notice I say “potential.” If Israel doesn’t have natural enemies, they will make them up.
http://www.globalresearch.ca/greater-israel-the-zionist-plan-for-the-middle-east/5324815
For those who remember any of history, Israel and Iran were allies during the Iran Contra affair. Iran wasn’t the enemy of Israel under either the Shah or post Shah. They aren’t the enemy of Israel today except in the minds of those in Israel who believe destroying all of the Middle East to guarantee Israel holds all the power is a good idea.
The US was dragged into Iraq to break up the country on behalf of Israel. It’s been in writing for 33 years, that isn’t my opinion. We had over 5,000 deaths of American troops to fight an illegal war on behalf of Israel. The attack on Libya and murder of Gaddafi was to destroy a “potential”, not actual but “potential” enemy of Israel in accordance with the Yinon plan. Iraq is now a cesspool, Libya is a cesspool, Lebanon is a cesspool. The government of Syria is fighting a bunch of terrorists backed and supplied by Israel and the US. And beyond any doubt, that country is a cesspool thanks to us. ISIS is supplied by Israel. So we have Iran fighting ISIS in Iraq while the US and Israel supply them with weapons in Syria.
When Al stepped in and started talking about how Israel never stole any land from anybody I felt like we had entered an alternate universe. Saying that Israel never stole land is like BM saying Israel doesn’t have any nuclear weapons and the administration supports Nuttenyahoo’s plan for Iran, it simply defies both logic and reality.
The State of Israel has been one constant land grab and they aren’t going to stop at Gaza and the West Bank. They want everything from the Nile to the Euphrates and have said so. In the US it’s common to say Israel is an ally. In actually Israel and the US have no treaties or formal agreements because Israel has no borders.
Israel has a government but no borders. There is no one on this board who can draw the borders of Israel because they change daily. There are 500,000 settlers living in what all international law recognizes are illegal settlements. That is stolen land. I’ll provide a series of maps proving Israel is stealing land. Al, do you think the Palestinians gave the land to Israel? They simply walked away to go live in concentration camps out of the goodness of their hearts.
http://whatreallyhappened.com/WRHARTICLES/mapstellstory.html
Israel has been stealing land for 68 years and do so every day. The constant wars in the Middle East will end when the US stops funding a criminal and nuclear armed state.
It’s absurd to discuss the Middle East without taking about the illegal actions on the part of Israel. We have this absurd situation where Sheldon Adelson spends $150 million to affect the Presidential election and has his pet poodle, Nuttenyahoo, show his political prowess two weeks before an election in Israel by pimping out the majority of the US House and US Senate where he got 23 standing ovations and in a 40 minute speech, over 25% of the time was wasted in applause. Nuttenyahoo showed his control over the American political process and used the speech for his own political purposes. So now we have one billionaire controlling Congress so his poodle can get reelected.
The media in the United States is controlled by 6 corporations. The US is totally brainwashed and misinformed about the reality of the Middle East. The rest of the world gets it and understands who is the problem. The US Congress is nothing but a bunch of barking penguins who clap their hands to be fed rotten fish. If you aren’t part of the solution, you are part of the problem. Suggesting Israel isn’t stealing land is certainly part of the problem. Do some more research Al.
Cory and I will reply in an editorial on Monday.
Bob, I have pointed the maps your talking about to people, start with the first map of Israel and show another for about every 5 years after.
I thought it would be self explanatory to people.
But belief is a strong thing, I kid you not, people don’t “see” it.
I guess this is a free country so Nazi’s, Jim Crow throwbacks, KKK etc should be allowed to voice their opinions.. It appears to me bb and Moriarity are cut from the same cloth.
You just can’t argue with a people who use this blog site as a platform to spread their propaganda and hatred..
victor5, Im sorry but you sound very confused to me.
I don’t hate anybody and I thought Bird and I were Jiminy cricket and pinocio (somtin like that)
except Bob and Bird disagree……hmmmmmm
I didn’t write the history books victor, I read them.
Not my fault you don’t like them.
Mark & Franky et al. who like a laugh at a Ylvis video,
Speaking of mysteries…..watch out! there are a couple of bad words
https://www.youtube.com/watch?v=mbyzgeee2mg
Rigged and manipulated are pretty vague statements,I prefer technical advances has facilitated the exploitation of these advances to those capable of applying it.
A good example of this is quoted in “Flash Boys” by Michael Lewis “In early 2013, one of the largest high frequency traders,Virtual Financial publicly boasted that in 5 and a half years of trading it had experienced just one day when it didn’t make money and that was caused by “human error.”
I’ve posted this on Gary’s and Doc’s Friday threads also as I think this is an important read.
Monday’s telegraph headline
‘A mini-Greece is about to go off in Europe’s heartlands, and markets don’t even know it’
Many thanks UK Bob. And, another domino falls or is about to fall!
Thanks Bob UK.
Beside Greece, after Hungary tremors, it’s now Austria.
If I am not mistaken, these 2 countries are seen as really against Russia.
Hmmmmmm……..
Relation does not mean causation but…. hmmmmmm anyway…
Best to you,
LPG
Read this one single quote from that article and then reflect on how certain the FDIC deposit guarantees on bank savings are going to be considering the shallow pool of assets they have at their disposal. Basically, FDIC insurance is going to fail. But I don’t need to tell that to anyone here.
“Furthermore, this week Austrian Finance Minister Schilling, in an interview with Austrian state radio, ORF, was quoted as saying that “many have been saying that one should have known that a province like Carinthia can’t guarantee for debts of that size”.
WELL BASICALLY……………….PETER SCHIFF SPELLS IT ALL OUT.
Video is not available.
Some refreshing interviews of fund managers at https://www.realvisiontv.com/
9 videos samples available for free – the annual subscription is $400 before any discount.
And for those who may wonder, as a disclaimer, I am not affiliated in any manner with the website.
Enjoy & Best to all,
LPG
Below is a world renowned Gold bug Clive Maund who is usually as positive about the metals as anyone you’ll find on the planet.
Well, what he’s saying now is what I as well as a couple of other folks here have been saying for months now. The deflationary spiral is about to unleash a complete downward pressure of hell through continued dollar strength even more than it already has.
The dollar is far from reaching it blow off top apex and that means every commodity on earth is going much much farther to the downside.
I know the folks here don’t want to hear that. The truth is only convenient and accepted when it fits neatly and cohesively into preset philosophical beliefs structure kind of like, you would witness in a cult environment.
It’s really really important that folks use their god given brains and at least entertain the concept that the PM’s could be in for a devastating fall below a $1,000 as the dollar trends relentlessly higher.
Of course this scenario has an eventual ending to it and that ending results in a massive dive and retrenchment to the mean as the dollar reverses its deflationary trend at some point in the future. I can see this dollar strength remaining for the remainder of 2015 even as ugly as the fundamentals of debasement play out.
I’ve said numerous times that I personally believe the dollar will reach 100 as a handle. I expect that to happen with in the next few months. Clive is saying a blow off top of 120 on the index is very possible. If that happens, anyone holding commodities as well as gold and silver are unfortunately going to feel like the last four year of the PM bear market were actually a bull.
If you care about your darn money you might want to take some of this information as a possibility and view it with a little more concern than just a grain of salt.
http://news.goldseek.com/CliveMaund/1425865111.php
Just a few thoughts for today.
V
“….like the last four year of the PM bear market were actually a bull.”
—————–
That was a pretty funny one liner, Vortex. I suppose it could get that bad though. Thanks for the link.
Bird,
In reality I don’t think a dollar at 120 would be good for anyone. I’m not trying to say I want it to happen or it will. All I was trying to point out was the obvious. If for some insane, crazy, out of this world events unfolded and a grouping of currency and geopolitical events were to push the dollar to extreme highs of 110-120 over the next year or so, what in the world would the price of gold, silver and the commodity complex look like?
Its an honest and meaningful question to ask.
If the greater group of folks here really don’t care or won’t engage in the possibility of something so extreme happening then I don’t suppose there is really anything much left to say as in an open minded debate.
Oh, I could not agree more. What is happening now to the dollar, gold, bonds (and commodities in general) are fitting in perfectly with what the deflation camp had warned of years ago. Some guys obviously understood the dynamics all along and this is playing out according to script. Even currencies are part of the program of destabilization at the end of the cycle. So we really should not be too surprised. And yet we continue to hear calls from some camps about how the dollar will spiral into hyperinflation despite overwhelming evidence that is not part of the program. I think many, many years will pass before notable inflation breaks out. So gold is going to have to respond to something else where the USD is concerned. Meantime we should really be prepared for the day when almost all assets fall together because that is the final curtain on many decades of debt creation. It cannot be avoided either. Only postponed as is being proven by the move into negative rate territory. Its why it doesn’t matter that Greece bankrupts or leaves the Euro because they will default in the end anyway as will most of the heavily indebted European nations. In all probability though that event will trigger a move into European equities as investors flee from some riskier debt so we should not expect stock markets to crash before sovereign defaults get underway. Ultimately of course even equities will crash wiping away the nose bleed valuations and as they do a very serious recession (as if its not already bad) will get underway. But that’s just how it works. Bonds fail destroying wealth. Capital flees elsewhere blowing a gigantic bubble and when it pops it takes fortunes in its wake. The resulting depression finishes off what worth people thought they had in property and a multitude of other overvalued assets and the last man standing is cash itself. By that time though it is in serious shortage. Even now the hoarding has begun. And before you know it a nasty war breaks out. But I don’t think gold really takes off until there is a crisis and the dollar itself finally tumbles towards the end of the series of price collapses.
I guess the point is that there are two distinct patterns in play at the same time here. First, markets are forward looking and attempt to price in changes in the economy but secondly they can also be highly reactive during periods of crisis as everyone is not anticipating anymore but rushing like chickens to protect capital. That’s what they call a panic and gets us into the really destabilizing period that can be fairly unpredictable and impossible to control. Certainly the Fed cannot be counted on to manage much at that point as their major policy tool of moving rates is near its end but also because what is happening elsewhere in the world would overwhelm pretty much anything that was attempted. I think we are going to see pensions, insurance companies, banks and some private debt all blow up at once. Right around that time the bail-ins will begin leaving many families temporarily insolvent as they get converted to shareholder equity. There is pretty much nothing that can be done to avoid a wider bond implosion at that stage as the domino’s fall. But all that really means is a whole lot of investors in every imaginable category will never get paid. That is the final outcome of a bond bust. For the most part this is inconceivable to most people and they would be truly frightened if they were aware of its inevitability. But its actually a normal part of the business cycle even if this particular one is delayed. Nobody is ever really ready for these things. It’s like waiting for a car accident to happen. All you can do is buckle up and brace for the impact……. but at least you have a chance when you know its coming!!!
Sounds like you guys think holding some American currency might be an idea for a candian. Or anybody I guess.
Something to think about.
Bird,
There is a lot of excellent information in your snippet to think about.
At the end of the day, nothing is going to side step what awaits the world and the debt reconciliation and currency destruction that is already in motion. It’s going to be a sad and painful period of time for even those that think they have it all figured out.
It is very difficult for some folks to imagine that these pieces of US dollar script are actually going to hold value for a period of time and allow the average Jane/Joe to position themselves in a more advantageous way for the rolling defaults that are gaining steam. But to the worlds surprise before this has run its course, dollars will be beyond valuable for an unknown length of time.
I think its worth mentioning that aside from too much debt, an additional component of the deflation onslaught is the sheer magnitude of what I call the paper money poor. That situation includes you, me and just about everyone.
You can’t explain the paper money poor cascading effect to the average person because most can barley tie their shoe lasses or balance a check book. But in its most bare terms, it’s a phenomenon that surrounds us all, every where in the world at all times.
With the exception of the super-wealthy, and even them to some degree, the world is becoming deeply engulfed in a feedback loop of money destruction through across the board insolvencies which, in and of itself, destroys the number of currency units in circulation. This currency dynamic, although silent in its destructive nature and not understood by one in a million, exacerbates the deepening pressure of the organic deflation dilemma that feeds on itself as money is horded and its value increases through limited production and availability.
The world is on the doorstep of a cataclysmic reserve currency shortage and debt rebalancing over a number of years into the future which will compound deflations effects, not a hyperinflationary event as people have been led to believe.
So what should we do about it? And how should we prepare? If you knew for example that pensions might be substantially reduced in the coming few years would you take steps now to avoid the consequences?
And what steps? Are there even strategies to avoid the worst outcomes?
We should all reflect back on what happened in the Soviet Union when it broke apart and descended into effective insolvency. I recall reading at one point that pensions crashed to as little as 15 or 20 dollars a month. The state was simply unable to pay.
Wealth itself evaporated and the consequences for the retail economy, manufacturing, war-making and all else tumbled together. The collapse was breathtaking in its severity. But will we fare any better?
What of social benefits, state subsidies, university grants, welfare, healthcare, the space program and the rest? Is anything sacred really when debt collapses? One of the more insightful things I heard recently was from one of the billionaire investors (don’t recall which now) who said he just hoped he would survive and would feel he was a success if he came out of the carnage with only half his wealth!
Debt destruction equals asset destruction remember and the hardest hit of course are those with the assets that ultimately tumble in value. So the real carnage takes place amongst those who are at the top of the economic pyramid and from that group there will be more than a few wiped out to zero when they cannot service the debts they hold as the game ends.
But what about the average guy? He is not getting away Scott free either. And this is when income, savings and self sufficiency really starts to matter….when ordinary preparation is not enough and when personal debt can be your undoing. We should start talking about this now because the day is getting closer.
Sadly, most people are completely unprepared and the victims will be the multitude.
Great post Vortex, I was writing at the same time as you and so just saw it. I agree with what you are saying about the deflationary effects on money and that the dollar will be the last to go. But even it will meet its Waterloo in the end. During the last depression the dollar was devalued against gold to correct the imbalances. But I had an odd thought the other day that this next time it will be devalued against the Yuan and that may explain the willingness of authorities to shift gold West to East where a new Renminbi might take up the banner of one of the primary reserve currencies partially backed by gold. In other words, at the moment the Chinese admit to their gold hoard an overnight and potentially substantial devaluation would occur in the dollar. Maybe its a bit crackpot but give it thought and tell me what you think.
Vortex, keep the comments coming, when you guys converse and share ideas, It might take me awhile to follow it but I still get something from it, its all much appreciated.
Wish I could contribute at the level you guys do.
Bird, you asked ………………… “So what should we do about it?”
My most basic and truthful answer is, there is very little at this point that can be done to counter-act or off-set with any degree of certainty what is needed to do to confront the enormous problems we have coming our way.
Once you have destroyed the predominant financial architecture of the human race, the very basis of finding value in inanimate objects that humans need to exist circumvents the physiological and geological vassals that enable our existence.
Our current system has in its very existence destroyed the ability to value human labor and services rendered and properly value and maintain a fair and honest structure of payments for that human labor and services. We have allowed a flawed and unfair system at its core, to diabolically grow and mutate the very DNA of what gives humans the self-awareness and appreciation to excel and grow with conscience and meaningful forethought.
We are by nature competitive and extremely intelligent amongst other important factors.
At the very ground floor of mans continued collective ability to maintain and construct a world worth living in is going to require a new financial foundation at its core and a greater admission that we have humans that detest the human race and address this difficult dilemma with an honest and open mind and be willing to do the things that are necessary.
What is unfolding is simply out of our control and ability to deal with it, because we as a species have relinquished our individuality, integrity, honesty and sovereignty to a small close nit group of eccentrically diabolical humans that I call the “untouchables” that have to this point been able to circumvent the universal laws of mathematics and nature.
They have enacted powerful firewalls to stop mans ability in facilitating, finding and maintaining a global equilibrium of sustainability.
Bird, you have asked so many outstanding and pertinent questions that need to be answered, or at the very least debated on an intellectually honest basis. Although I may disagree with you on a few political ideals, your breadth and depth in many diverse areas is immensely appreciated and valued. I wish more folks here could find common ground to expand the talking points and put aside personal antics and roadblocks to a greater discourse.
I know I didn’t come close to answering your questions, so we will continue to talk and debate these very important subjects.
V
bb, thank you for all the kind comments.
bb please chime in at anytime and let your voice be heard. Your comments and opinions are very valuable along with everyone’s.
thank you
V
I agree. Keep talking bb and we will surely get a great conversation going.
And +10 for Vortex’s comment.
Directed to all, but at this time a bit of emphasis on BB, Birdman and Vortex.
Great commentary gentlemen. We will be discussing this later today in a Daily Editorial.
Personal opinion V?
I really don’t care what the price is. Given our motives, why should I?
Big Al, If you personally don’t care what the price’s you pay for things thats fine.
I’m just providing some information from a well known goldbug that looks at the deflation debate as I do. Maybe someone that is on the fence can save a buck or two instead of thinking they “must” get on board right now or miss the train.
Everyone has a multitude of motives and reasons for doing what they do. Personally, if I can buy PM’s, PM stocks, food, gas and any other assorted crap for 20%-35% below current prices I want to take advantage of it.
Motives aside, I’m not sure why you wouldn’t either.
V
I was just about post links to the two articles that Clive Maund just posted on Sunday – one on gold and one on silver – where he sees serious downside to both. As Vortex writes, he is a gold bull usually so for him to get so bearish is very interesting to me.
He has written a few other very bearish articles about conventional markets in the past week also highlighting bear ETFs – it appears that he thinks a big deflationary drop in the markets is close at hand.
Thanks Bob,
That would be excellent if you could post that other article. I think the more information we have to debate, the better it is for all of us.
V
That Clive Maund article was quite interesting to me btw. I could swear that he comes to the Korelin Report and reads what I have written on gold because it had my fingerprints all over it. Other than a few of his own charts the theme and commentary was almost identical to what I have been saying for so long. Good grief…..this means I am not the only one anymore!
So I am not special after all. 🙁 Damn! ……………….my wife will surely be vindicated.
That’s okay Bird. We think you are special!
NOT……….LOL
Hey thanks Al!!
I have access to the #1 gold timer as per timer digest.
Clive is not in that class or realm.
I am Canadian and gold in my currency is up over the last two years and only down $275 from the major top in gold but a few short weeks ago.
Up 400% since 2005/40% per year returns if YOU DID NOT SELL THE TOP:
http://www.goldpriceoz.com/gold-price-canada/
Investing in Euros? Up 400% since 2006 -40% per annum returns even if you did not sell at the top.
http://goldprice.org/gold-price-euros.html
Clive would be up 4 -fold,as well.
Being a chartist he should check the basic trendline:
http://goldprice.org/gold-price-uk.html
Let me ask you people something. Lets assume you’re right and PM drop significantly , any number you chose, but China and Russia keep buying, and people like me don’t sell. Miners stop digging. Where you going to get it, and at what mark up?
Gregd,
The answer in its most simplistic form is, if the metals become unattainable, they will become to expensive to own.
But more importantly they will be utterly and completely outlawed and illegal to own in any form both domestically and internationally.
But that wasn’t the subject matter, get engaged on the deflation issue first.
I guess I will only add that there are good reasons gold and silver acquisitions are being tracked so carefully these days. Hardly any precious metals buying goes under the radar as it once did. Certainly not from legitimate sources or at official levels. Think of it this way: the dollar devalues 35% and gold soars to 5000 dollars but you get a tax bill for 50% on the implied gain. Yeah, you came out ahead but you were not really the winner you imagined. It makes more sense to store a couple tons of copper plumbing!
“Hardly any precious metals buying goes under the radar as it once did. Certainly not from legitimate sources or at official levels.” Bird
“The huge discrepancy between numbers from the World Gold Council (WGC) and actual gold demand is so wide yet cunningly hidden I must conclude there is essential information about physical gold demand deliberately kept privy.” Koos Jansen
How The World Is Being Fooled About Chinese Gold Demand
Sunday the 8th of March 2015
Kindly note the pattern
https://www.bullionstar.com/
Actual Chinese gold demand 2013 has been knavishly hidden from the masses (99 % of the financial industry copies WGC numbers).
In 2014 the WGC again grossly understated Chinese gold demand. SGE withdrawals accounted for 2,102 tonnes, though the WGC stated Chinese consumer demand was only 814 tonnes. Again, a gap of more than 1,100 tonnes.
In 2014 China imported at least 1,250 tonnes and domestically mined 452 tonnes. According to GFMS scrap supply was 182 tonnes, adding up to total supply at 1,884 tonnes. But, we’re supposed to believe (GFMS data) India is the largest gold consumer on earth at 843 tonnes? Yes.
https://www.bullionstar.com/blogs/koos-jansen/how-the-world-is-being-fooled-about-chinese-gold-demand/
I’m open minded towards the possibility there is an agenda that is allowing China to buy as much gold for as little fiat as possible to make them accumulate whatever necessary before a monetary reset. I see no other explanation for the events unfolding in front of our eyes.
You could very well be right Matt. This is one of the most curious aspects of the current discord in capital markets taking place at this time. So we await an accounting from China as to its real holdings. But I have long suspected the official reserves over there easily exceed 6000 tonnes just based on easy to Google purchases. How much more than that is a mystery but the estimates of others that they have a mere three or four thousand tonnes strikes me as a big miss on totals. Recently we have read new estimates above 10,000 tonnes and I find those to be more plausible.
Matt,
I guess with the gold holdings China has just changed the financial structure globally. Maybe that’s why China announced the renminbi as a reserve currency that is backed by gold? And maybe that’s why the Shanghai exchange will be setting the price for gold?
Chinese law requires that all gold produced domestically must be purchased by government. I am not sure whether it go through SGE. According to some source, it does not. Based on what I know on the authority, they will bypass exchange since the law was enacted before the exchange was founded. The model should be like it has been in the old way, it goes through administrative channel because the leaders trust that way as safer against corruption. When it comes to official purchase, middle man comes with corruption. When it is purchased, gold goes to an organization call something like bureau of gold management (forget the full name) under state council. It sits there for as long as it need. If they desire, they can do a transfer like 2009. Otherwise, it sits under state council. Since the west don’t understand Chinese structure, they focus on PBOC. Since the law was enacted in early 2000s, China should have produced around 4000 tons. So if China does not purchase any gold in other way. Government and PBOC should have 5000 tons.
In other words they easily have 10 to 15,000 tonnes at this point. That would not be a surprise to me considering all the other purchases that we do know about plus those that are suspected. At that size it starts to make a difference.
Not sure it would be that much, Bird. I believe the think tanks want at least 8000 tons to match that of US. I know their mentality is very different than what the West feel. CCP has been on a survival mode for a long time and they have US subversion carved in their mind. I think they want gold to prevent financial attacks, same as the purpose of holding treasury. It is hard to be #2.
I understand your point about deflation, but you just made it clear that its a inflation issue in reality. Supply and demand. And if you’re right about it being outlawed and illegal to own it may be considered hype inflated, don’t you think?
Returns since year 2000 invested in gold:
USD: 166%
INR:203%
GBP:180%
CDN:150%
EUR: 165%
http://goldprice.org/gold-price-china.html
Returns on what?
Returns on the asset ” if ” you were to sell.
Thanks for summarizing these numbers Matt.
Koos is supplying data that suggests China had nearly 16,000 tonnes of gold reserves late last year:
https://www.bullionstar.com/blogs/koos-jansen/total-chinese-gold-reserves-nearly-16000t/
Bart Chilton Interview @ Peak Prosperity. It is a must listen for a few valuable insights.
http://www.zerohedge.com/news/2015-03-08/bart-chilton-2007s-rise-machines-markets-have-not-been-same
Good interview by Martenson.
BTW, for those interested in downloading a permanent copy of CM’s 27-minute interview to their hard drives, the download ”hot”-link is:
https://s3.amazonaws.com/cm-us-standard/audio/bart-chilton-2015-3-7.mp3
Cheers 🙂
GM to Buy 5 Billion in company stock ! TOTALY WORTHLESS PAPER ! TOTAL CORRUPTION AND NO WORTH ANYTHING !
In a normal economy day buy metals to build cars ! And Bass metaal are Lower NOW NO ? HA ha ha LONG LIVE CORRUPTION SUCKERS !
Economics are not as simple as some of us may think.
http://www.prospect.org/article/why-economists-cling-discredited-ideas
BUY BUY GOLD ! Whats UP ? http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-clients-closing-london-gold-vaults/