Friday, February 3, 2012

States Seek Currencies Made of Silver and Gold

by Blake Ellis, Money.CNN.com:

NEW YORK (CNNMoney) — A growing number of states are seeking shiny new currencies made of silver and gold.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.
“In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System … the State’s governmental finances and private economy will be thrown into chaos,” said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.
Read More @ Money.CNN.com




January 2012 American Silver Eagle Bullion Coin Sales Best 6.1M

by Rhonda Kay, CoinNews.net:
Last month turned energetic for U.S. Mint sales of the American Silver Eagle bullion coin. Barely missing out as the best ever selling month, January now ranks second all-time for the series which dates back to 1986.
Buyers scooped up 6,107,000 Silver Eagles during the month. That was 315,000 away from matching the all-time monthly record of 6,422,000 set in January 2011 and a scant 350,000 away from equaling the combined monthly sales totals from December, November and October.
Read More @ CoinNews.net




Research: US Mint Gold Coin Sales for January – Signal Return to Fundamental Driven Demand?

Gold’s London AM fix this morning was USD 1759.50, EUR 1,335.48, and GBP 1,110.66 per ounce. Yesterday’s AM fix was USD 1,747.50, EUR 1,326.68, and GBP 1,102.80 per ounce.
Gold prices hit their highest since mid-November this morning as signals that U.S. monetary policy will remain ultra loose increased investor appetite for bullion.
Gold bullion has gained over 12% so far in 2012, and the ascent was rejuvenated last week with Bernanke’s commitment to keep interest rates low and money loose through 2014.
Spot gold hit a high of $1,762.90 before falling a few dollars to $1,757/oz by midday in Europe.
Read More @ GoldCore.com




Mr. Gold himself, Jim Sinclair, presented by Metallwoche.de

from Metallwoche.de:

Today on Metallwoche.de we present to you an interview with Jim Sinclair in two parts. In the first part Lars Schall spoke to Jim about some interesting remarks Chris Powell from GATA had to say about gold in front of the Fed building in Washington D.C. Furthermore Lars asked for Jims opinion concerning the gold storage of different countries, including Germany, with the New York Fed and the Treasury department and if these countries shall demand their gold back home.
In the second part of this interview for Metallwoche.de, Michael asked for Jim Sinclairs view on the gold market after the Fed-statement last week and the possible implications near and longer term.
Read More (and Listen to the Interview) @ Metallwoche.de





Richard Russell: Watch Gold, 2012 Fated to be a Monster Year

With gold and silver consolidating recent gains, the Godfather of newsletter writers, Richard Russell, had this to say in his latest commentary: “Actually, the stock market is acting as though something momentous and frightening is out there. The roof of a monster top is building. Gold keeps creeping higher. The Dow is fluctuating around the 12700 area, not surging above it or falling decisively below it.”Richard Russell continues: Read More @ KingWorldNews.com



120203 - Benji Bernanke Now Wants US Austerity







CBO REPORT - OMG!
http://www.zerohedge.com/contributed/cbo-report-omg
http://www.businessinsider.com/ugh-ben-bernanke-will-says-the-worst-possible-...

World Black Market Booms
http://news.yahoo.com/blogs/around-the-world-abc-news/world-black-market-boom...

Banking Giant Accused Of Laundering Billions
http://www.wnd.com/2012/02/banking-giant-accused-of-laundering-billions/

Alf Field Calls for $158 Silver & Swiss Look to Gold
http://kingworldnews.com

I Pushed Dodd-Frank And Health Care Reform Because Of Christ
http://www.buzzfeed.com/zekejmiller/obama-i-pushed-dodd-frank-and-health-care...

Holder: No cover-up in 'Fast and Furious'
http://www.foxnews.com/politics/2012/02/02/holder-says-no-one-punished-yet-du...

Flesh-Eating Bug Spread by Sneezes and Coughs
http://www.metro.co.uk/news/889131-flesh-eating-bug-spread-by-sneezes-and-coughs





Another ‘Camouflage’ Trade, This Time in Silver…

by Rick Ackerman:
We’ve been known to keep odd hours, which, depending on the circumstances, can be good or bad when attempting to earn one’s daily bread trading. Sometimes it seems as though the best opportunities — meaning the ones that produce quick and easy gains with relatively little stress – occur in the dead of night. At other times, especially in the first hour or so after the opening bell, the low-hanging fruit positively beckons those who are able to stay cool while most other traders, too scared to act, are waiting for the dust to settle. We love it when the action is heated – wild, even — since this tends to drive most other traders to the sidelines. Let them sit on their thumbs, as far as we’re concerned – it just means easier pickings for us. When things get moving, the Hidden Pivot Method that we use to trade and forecast is especially good at identifying the “filet” of uptrends and downtrends. As such, the terms bullish or bearish apply only to the extent that the “impulse legs” that drive these trends are headed higher, or lower, in a given time frame.
Read More @ RickAckerman.com




Counterfeit Value Derivatives: Follow the Bouncing Ball

by Zeus Yiamouyiannis, OfTwoMinds.com:
Here is how the counterfeit value derivative con works. It’s a game of “I pretend, you pretend, we all pretend, and the taxpayer will pay in the end”.
1) I’ll create an instrument, say a credit default swap (CDS), an unregulated insurance with no capital requirements, with a certain “notional” value. Notional value is just something I assign. It does not have to be attached to or backed by any real asset or actual money/principal, but I can pretend as if it is. (Notional amount.)
2) As a seller, I will just declare that this swap covers the full value X of this company, contract, etc. if credit event Y happens. I receive lucrative insurance premiums and fees for my unbacked promise. The CDS’s value is based in nothing more than my promise to pay. I don’t have to have adequate capital reserves on hand, but I can pretend as if I do perhaps with some mini-reserves based on objective-seeming risk ratios calculated by my mathematical models. (credit default swap.)
Read More @ OfTwoMinds.com




What Is a Just War?

by Andrew P. Napolitano, LewRockwell.com:
When President Obama announced last April that he was sending the United States military to bomb Libya, he not only violated the United States Constitution, which he has taken an oath to uphold, but he also violated the moral principles of the just war. The Constitution permits only Congress to declare war and the president to initiate on his own only a truly defensive war. When the president takes an oath to uphold the Constitution, he also promises to uphold the treaties into which the U.S. has entered and the laws that have been written pursuant to those treaties.
St. Thomas Aquinas is the modern articulator of the idea that governments are required to follow the same moral principles as the rest of us. This is particularly so in the case of a government that claims its source of power is the consent of the governed. St. Thomas More once put it this way: “Some men say the earth is round and some say it is flat. If it is round, can the King’s command flatten it; and if it is flat, can Parliament make it round?”
Read More @ LewRockwell.com




Ron Paul: Equal Rights for Each Individual!





Massive Wave of Endorsements for Ron Paul in Maine



US Warns Iran Not To Fight Back Against Israeli Attack

US warship remains in Strait Of Hormuz amidst simmering tensions
by Paul Joseph Watson, InfoWars.com:

The USS Abraham Lincoln warship has remained stationed in the Strait of Hormuz despite an Iranian threat that no more aircraft carriers should transit the sensitive oil choke point as tensions in the Persian Gulf continue to simmer with Washington warning Tehran it will join an Israeli attack if Iran dares to fight back in any way.
Stratfor’s latest naval update map shows that the USS Lincoln has not moved from its position having transited the Strait almost two weeks ago. Similarly, the USS Carl Vinson has also remained in its position, suggesting US Naval officials are satisfied with the strategic position of the two warships as Israel prepares to launch an attack on Iran in which the US could quickly become embroiled.
Read More @ InfoWars.com




Silver Bullet for Cancer: Metal Can Kill Some Tumours Better Than Chemotherapy With Fewer Side Effects

by Anthony Bond, DailyMail.co.uk:
Silver can kill some cancers as effectively as chemotherapy and with potentially fewer side effects, new research claims.
Scientists say that old wives tales about the precious metal being a ‘silver bullet’ to beat the Big C could be true.
The metal already has a wide range of medicinal uses and is a common antiseptic, antibiotic and means of purifying water in the third world.
And British researchers now say that silver compounds are as effective at killing certain cancer cells as a leading chemotherapy drug, but with potentially far fewer side-effects.
They compared it to Cisplatin, currently used to treat a wide variety of cancers, but known to have harsh side effects including nausea, vomiting and even kidney damage.
Read More @ DailyMail.co.uk




Bernanke Determined to ‘Protect’ US Economy

from GoldMoney.com:
US dollar compass Bullish US retail sales figures for January and “hours worked” stats for the last quarter encouraged further gains in stocks commodities yesterday. The $82bn Glencore/Xstrata merger and the chatter surrounding the Facebook IPO are also helping sentiment, with many no doubt hoping that this is indicates it’s “business as usual” at the financial markets. Precious metals continue to benefit from the move away from the perceived “safety” of the US dollar, with the gold price breaking above resistance at $1,750 and silver temporarily moving above $34.
Not coincidentally, the rise in gold and silver yesterday coincided with a press conference given by Federal Reserve Chairman Ben Bernanke, who once again emphasised his determination to “protect the US financial system and the economy” from the problems in the eurozone. Many will of course correctly interpret this as meaning that the Fed stands ready to inject more new money into the financial system in the event of trouble.
Read More @ GoldMoney.com




Rick Santelli: A Day of Reckoning Is Coming on the National Debt

The Average US Family Owes $680,000
from FinancialSense.com:
Jim is pleased to welcome Rick Santelli from CNBC this week. Rick and Jim cover a number of key issues, including the exploding national debt, the mass mortgage refinance program (taxpayers will pay), and what drives today’s futures markets.
Rick joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve.
Click Here to Listen to the Interview




Israel Attack on Iran by Spring 2012, Alf Fields on Silver and Gold & More: Weekly News Wrap-Up

[Ed. Note: Related.]
from USAWatchDog:



USAWatchdog.com – The big story was buried by the mainstream media (MSM) this week, and it was Defense Secretary Leon Panetta saying he thinks the Israelis might attack Iran by spring. This is huge and has some frightening implications. What if the Iranians feel they want to beat Israel to the punch and attack first? What if the Israelis have no intention of attacking Iran? What if Israel now feels the element of surprise is gone after spring and it moves up their time table? I do not see how this announcement helps calm down the situation in the Persian Gulf. Not that an attack by Israel is out of the question. Ehud Barak, the Israeli Defense Minister, was in Davos this past week gaging support for a strike on Iran’s nuclear facilities and says the West is basically running out of time. In other news, the MSM made a big deal out of Donald Trump endorsing Mitt Romney. Who cares? The MSM ignored the new Gallup poll that says Congressman Paul has about the same chance to beat Obama in the fall as Romney! There was not a peep about that from the corporate controlled media. Attorney General Eric Holder is in the hot seat, once again, in Congress over the “Fast and Furious” gun deal where our own border agents were shot at and killed with guns the Federal government supplied to Mexican drug cartels. Fair enough. What about asking Mr. Holder why his Justice Department hasn’t investigated massive fraud in the housing industry that caused the financial meltdown in 2008. We are talking trillions of dollars in fraud that is alleged in numerous court cases across the country. We had fraudulent liar loans. Wall Street packaged the liar loans into mortgage securities that turned “toxic.” And we, also, had massive foreclosure fraud the MSM called “Robo-Signing” when it should have been called forgery!! Why no questions from either party about that??? Finally, a top gold expert now says silver is heading up in the next couple of years right along with gold. Alf Fields is predicting gold at $4,500 and silver north of $150. All these stories and a lot more from Greg Hunter of USAWatchdog.com in the Weekly News Wrap-Up.




Huge Victory Against GMOs as Monsanto Driven Out of the UK By Consumer Protests

by Mike Adams, NaturalNews.com:

(NaturalNews) A massive victory against Monsanto and genetically engineered seeds has been achieved in the United Kingdom today. Monsanto has announced a total withdrawal from the UK, shuttering its Cambridge-based wheat production operation. UK newspaper Daily Mail was instrumental in promoting opposition against Monsanto through its “Frankenstein Foods” educational campaign (http://www.dailymail.co.uk/news/article-199884/GM-giant-quits-Britain…).

The paper is now reporting that Monsanto plans to sell off GMO crop-breeding centers in France, Germany and the Czech Republic. Daily Mail reported, “…the company has given up hopes of introducing GM crops to Europe.” (Are you grinning as wide as I am right now?)

The UK government, it turns out, was on the verge of announcing a finding that genetically engineered crops would “pollute the countryside for generations.” Gee, ya think? I wonder why the USDA can’t seem to come to the same scientific conclusion…

Bayer CropScience has also cancelled its planned GMO crop trials in the UK, signaling a near total collapse of agricultural imperialism in the UK.
Read More @ NaturalNews.com




WWIII will soon arrive...Are you prepared?

Panetta Says Israel Could Strike Iran in Spring

from News.Yahoo.com:
US Defense Secretary Leon Panetta believes there is a “strong possibility” that Israel will strike Iran’s nuclear installations this spring, the Washington Post said Thursday in an editorial.
When asked about the opinion piece by reporters travelling with him to a NATO meeting in Brussels, Panetta brushed it aside.
“I’m not going to comment on that. David Ignatius can write what he will but with regards with what I think and what I view, I consider that to be an area that belongs to me and nobody else,” he said.
“Israel indicated they’re considering this (a strike), we’ve indicated our concerns,” he added.
The Post columnist said Panetta “believes there is a strong likelihood that Israel will strike Iran in April, May or June before Iran enters what Israelis described as a ‘zone of immunity’ to commence building a nuclear bomb.”
Read More @ News.Yahoo.com




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