from Silver Doctors:
The Doc sat down with Ann Barnhardt of the former Barnhardt Capital
Management Tuesday night for an exclusive interview discussing the shocking precedent set by the 7th Circuit Court of Appeals’ decision last Friday that
Sentinel’s use of $500 million segregated client funds to secure a loan
from the Bank of NY Melon for it’s prop trading desk is not fraudulent
but is rather perfectly legal.Barnhardt’s interview with SilverDoctors will serve as a startling wake-up call for any still participating in the fraud known as the US markets, stating that ‘What we’re seeing is the complete disintegration of the financial system before our very eyes! It’s Soviet!‘
Barnhardt tells readers ‘You have got to get your money out of the financial system! Not just the futures markets, but the entire thing! Stocks, 401k, IRA. GET YOUR MONEY OUT OR ELSE IT IS ALL GOING TO BE STOLEN FROM YOU! IT’S ALL A PONZI!!!‘
Barnhardt goes on an all-out rant stating that the 7th Circuit Court decision has set a legal precedent that will encourage banker theft of segregated client funds, and that she expects JP Morgan to make a play for Citigroup in the coming weeks or months.
Read More @ Silver Doctors
from KingWorldNews:
Today 40 year veteran, Robert Fitzwilson, wrote the following piece
exclusively for King World News. Fitzwilson, who is founder of The
Portola Group, put together a fascinating piece which covers everything
from Hannibal vs Rome, to gold, silver and the biggest financial fight
in history. Below is Fitzwilson’s piece.
“In the summer of 216 B.C., a battle commenced that one historian called the biggest knife fight in history. In the Battle of Cannae, over 50,000 Roman soldiers drew up against their hated rival, Carthage. The Carthaginian army was led by Hannibal. The Carthaginians were believed to have had less than 40,000 soldiers to face the Romans.
There was no love lost. Hannibal was the son of another renowned Carthaginian general, Hamilcar Barca. His father made him swear to never be a friend of Rome….
“The Roman strategy was rooted in the Greek Hoplite method of war whereby two opposing armies would line up against each other and charge at the appropriate signal. The victors were usually those with the better training, equipment and motivation.
Robert Fitzwilson continues @ KingWorldNews.com
Today 40 year veteran, Robert Fitzwilson, wrote the following piece
exclusively for King World News. Fitzwilson, who is founder of The
Portola Group, put together a fascinating piece which covers everything
from Hannibal vs Rome, to gold, silver and the biggest financial fight
in history. Below is Fitzwilson’s piece. “In the summer of 216 B.C., a battle commenced that one historian called the biggest knife fight in history. In the Battle of Cannae, over 50,000 Roman soldiers drew up against their hated rival, Carthage. The Carthaginian army was led by Hannibal. The Carthaginians were believed to have had less than 40,000 soldiers to face the Romans.
There was no love lost. Hannibal was the son of another renowned Carthaginian general, Hamilcar Barca. His father made him swear to never be a friend of Rome….
“The Roman strategy was rooted in the Greek Hoplite method of war whereby two opposing armies would line up against each other and charge at the appropriate signal. The victors were usually those with the better training, equipment and motivation.
Robert Fitzwilson continues @ KingWorldNews.com
Farage Blasts Communist Europe And Leaders "Living In Noddy-Land"
Nigel Farage, looking tanned and refreshed, is back and as he tells FOX Business in this brief clip "nothing has changed"
from his views of Europe as the Titanic and its unelected officials
dragging it down to the depths of the ocean. Citing Mario Monti
specifically with his concerns over allowing politicians to 'decide'
anything he notes the leader's demeanor is "We must not let democracy interfere with our great Grand Project."
With European GDP negative, and group-hugs all around as Europeans are
herded towards a European social state, Farage analogizes that "we are living in Noddyland"
where economic reality and day-to-day life are as distant as they could
be as he warns that they are becoming part of something that is increasingly resembling Communism.
He dismisses the growing belief that "the state and government creates
jobs" noting that "it doesn't, it destroys them!" With two wrongs
(Spain ad Italy) not making a right; Farage is clear that breaking up
the EU is necessary now and it is critical to recognize that "you don't get something for nothing" as Europe is increasingly de-industrialized.
by J. D. Heyes, Natural News:
Is the nation and the world headed for another financial meltdown?
You would think so, judging by what U.S. banks have been told to prepare
for by regulators.
According to documents obtained by Reuters, officials from the Federal Reserve and the U.S. Office of the Comptroller of the Currency have directed five of the country’s top banks -Bank of America, Goldman Sachs, Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. – to develop plans for preventing a collapse if they once again faced serious problems because they wouldn’t be able to count on government assistance.
The program, which began in 2010 and was largely kept secret, is in addition to “living wills” banks were instructed to craft plans to help regulators dismantle them should they actually fail. The revelations “show how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress,” Reuters reported.
Read More @ NaturalNews.com
Is the nation and the world headed for another financial meltdown?
You would think so, judging by what U.S. banks have been told to prepare
for by regulators.According to documents obtained by Reuters, officials from the Federal Reserve and the U.S. Office of the Comptroller of the Currency have directed five of the country’s top banks -Bank of America, Goldman Sachs, Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. – to develop plans for preventing a collapse if they once again faced serious problems because they wouldn’t be able to count on government assistance.
The program, which began in 2010 and was largely kept secret, is in addition to “living wills” banks were instructed to craft plans to help regulators dismantle them should they actually fail. The revelations “show how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress,” Reuters reported.
Read More @ NaturalNews.com
On GDP vs Equity Returns, Bill Gross Is In Fact Right... With A Twist
Two weeks ago, PIMCO's Bill Gross stirred up a few ivory-tower academics, permabull sell-side commission-makers, and bloggers pressured by Series [X] investors to generate maximum page views when he called for the death of the cult of equities.
His main point was the apparent paradox that the total return on
equities can outpace GDP growth over long periods. While there has been
much gnashing of teeth over this comment, Morgan Stanley has very
succinctly clarified and confirmed that this is not so much a paradox as
a Catch-22. The key point is that, in aggregate, investors do not
typically reinvest their dividends (or coupons); and akin to Keynes'
paradox of thrift, if investors actually tried this en masse then the
historical returns reported in total return indices would be
unachievable. So here’s the Catch-22: over the long run theoretical total returns can exceed GDP so long as investors don’t actually try to capture those returns. But if ever investors try to achieve such GDP-plus total returns, it will be impossible for returns to stay above GDP growth. Hence, equities for the short- and long-term, are essentially a Ponzi scheme - as long as everyone buys-and-holds - but if 'someone' decides (or is forced) to take-profits, equity ROE will rapidly game-theoretically collapse to GDP growth.Killing The 'Stocks Are Cheap' Myth Once And For All
Each
and every day we hear, stocks are cheap - P/Es are low,
money-on-the-sidelines, sentiment is contrarian-wise weak, 'it's an
election year', and many other anecdotal BTFD-driving broker-based
sound-bites. The truth will perhaps set you free. On both a valuation (trailing P/E and market-cap/GDP) basis and cyclical
(long-term sideways trends, percentage holdings of stocks, historical
election/decennial patterns, coincident-to-lagging indicators, and
financials leading) basis, the fact is - the only drivers of bullish
reasoning here is recent momentum, an implicit 'rationality/Bernanke
put', and an implicit bias towards self-sustaining behavior by an entirely-dependent marketplace of professional commission-takers.I know I can TRUST Ron Paul...
Vice-presidential candidate denies he profited from a 2008 meeting with Fed chairman in which officials outlined fears for financial crisis
by Dominic Rushe, TheGuardian:
Paul Ryan, Mitt Romney‘s
vice-presidential running mate, sold stock in US banks on the same day
he attended a confidential meeting where top level officials disclosed
the sector was heading for a deep crisis.The congressman on Monday denied profiting from information gleaned from the meeting on 18 September 2008 when Federal Reserve chairman Ben Bernanke, then treasury secretary Hank Paulson and others outlined their fears for the banking sector. His office said he had no control over the trades.
Public records show that on the same day as the meeting, Ryan sold stock in troubled banks including Wachovia and Citigroup and bought shares in Goldman Sachs, Paulson’s old employer and a bank that had been disclosed to be stronger than many of its rivals. The sale was not illegal at the time.
Not long after the meeting, Wachovia’s already troubled share price went into free fall. It plunged 39% on the afternoon of 26 September alone as investors worried the bank would collapse. It was eventually taken over by Wells Fargo for $15bn, a fraction of its former value.
Read More @ Guardian.co.uk
by James E. Miller, Mises:
In an effort to inject a bit of “spunk” into his otherwise dry
presidential campaign, former Massachusetts Governor Mitt Romney has
chosen Wisconsin Congressmen Paul Ryan to be his vice president in his
face-off with President Barack Obama this fall. Ryan, who currently
serves as the Chairman of the powerful House Budget Committee, was seen a
risky choice due to his controversial budget measure that is seen as a
radical restructuring plan for the national entitlement state. Titled
“The Path to Prosperity,” Ryan’s plan has received a lot of attention
over the past few days.
The mainstream media has predictably chosen sides with the announcement of Ryan as the veep nominee. The praise and criticism launched at Ryan by the usual suspects amounts to little more than predetermined clichés that fall within the simple paradigm of elephant versus jackass. On the left side of the political spectrum, Ryan has been charged with proposing draconian spending cuts that leave the poor to wallow in destitution without any assistance from Uncle Sam. The New York Times has lead the charge in accusing Ryan’s blueprint of being “cramped” and creating a government” that will be absent when people need it the most.” Over on the right, the Wisconsin Congressman has been extolled for his braveness in meeting Washington’s fiscal challenges head-on. Stephen Moore of the Wall Street Journal has written that Ryan’s “policy roots lie in the growth and opportunity wing of the GOP.”
In short, Paul Ryan is being depicted with regurgitated slogans that have little to no bearing on reality. The state-supporting media needs a story and is desperate to keep the American people convinced they still have an actual choice in policies come this November. The clearly unsustainable status quo is of no concern to the two major political parties that act as “two wings of the same bird of prey.”
Read More @ Mises.ca
In an effort to inject a bit of “spunk” into his otherwise dry
presidential campaign, former Massachusetts Governor Mitt Romney has
chosen Wisconsin Congressmen Paul Ryan to be his vice president in his
face-off with President Barack Obama this fall. Ryan, who currently
serves as the Chairman of the powerful House Budget Committee, was seen a
risky choice due to his controversial budget measure that is seen as a
radical restructuring plan for the national entitlement state. Titled
“The Path to Prosperity,” Ryan’s plan has received a lot of attention
over the past few days.The mainstream media has predictably chosen sides with the announcement of Ryan as the veep nominee. The praise and criticism launched at Ryan by the usual suspects amounts to little more than predetermined clichés that fall within the simple paradigm of elephant versus jackass. On the left side of the political spectrum, Ryan has been charged with proposing draconian spending cuts that leave the poor to wallow in destitution without any assistance from Uncle Sam. The New York Times has lead the charge in accusing Ryan’s blueprint of being “cramped” and creating a government” that will be absent when people need it the most.” Over on the right, the Wisconsin Congressman has been extolled for his braveness in meeting Washington’s fiscal challenges head-on. Stephen Moore of the Wall Street Journal has written that Ryan’s “policy roots lie in the growth and opportunity wing of the GOP.”
In short, Paul Ryan is being depicted with regurgitated slogans that have little to no bearing on reality. The state-supporting media needs a story and is desperate to keep the American people convinced they still have an actual choice in policies come this November. The clearly unsustainable status quo is of no concern to the two major political parties that act as “two wings of the same bird of prey.”
Read More @ Mises.ca
by Dan Berman, Advisor One:
With Moody’s recent warnings and downgrades, these municipalities may follow the likes of Stockton and Central Falls into bankruptcy
Bankruptcy was once a last-ditch act reserved for companies and
individuals. Declaring that creditors could not be paid carried a stigma
that no one wanted to be associated with. And rarely would a
municipality file for Chapter 9, the city version of Chapter 11. How
times have changed.
Since 1981, 42 U.S. cities and towns have filed for bankruptcy. The pace has picked up with 10 in the last four years and many others teetering on the brink of insolvency. Recent cities taking the plunge include Mammoth Lakes and Stockton in California, and Central Falls, R.I.
The biggest issue is pension obligations to city workers coupled with a lack of revenue. The boom times of the 1980s and ’90s spurred the awarding of generous benefits to employees.
The Golden State has been hardest hit. The state’s budget woes have toppled governors and forced four cities since 2008 to declare bankruptcy, with more on the brink.
When cities go bankrupt, citizens find basic services slashed, fire and police protection cut to the bare minimum and taxes increased.
Read More @ AdvisorOne.com
With Moody’s recent warnings and downgrades, these municipalities may follow the likes of Stockton and Central Falls into bankruptcy
Bankruptcy was once a last-ditch act reserved for companies and
individuals. Declaring that creditors could not be paid carried a stigma
that no one wanted to be associated with. And rarely would a
municipality file for Chapter 9, the city version of Chapter 11. How
times have changed.Since 1981, 42 U.S. cities and towns have filed for bankruptcy. The pace has picked up with 10 in the last four years and many others teetering on the brink of insolvency. Recent cities taking the plunge include Mammoth Lakes and Stockton in California, and Central Falls, R.I.
The biggest issue is pension obligations to city workers coupled with a lack of revenue. The boom times of the 1980s and ’90s spurred the awarding of generous benefits to employees.
The Golden State has been hardest hit. The state’s budget woes have toppled governors and forced four cities since 2008 to declare bankruptcy, with more on the brink.
When cities go bankrupt, citizens find basic services slashed, fire and police protection cut to the bare minimum and taxes increased.
Read More @ AdvisorOne.com
Doesn't Take Much To Get Homebuilders Confident These Days
The National Association of Home Builders just released it latest monthly housing market index, which rose from 35 to 37. As headlines proudly blast, this is the highest level of confidence since February 2007. The NAHB chairman was positively giddy: "From the builder’s perspective, current sales conditions, sales prospects for the next six months and traffic of prospective buyers are all better than they have been in more than five years,” said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. “While there is still much room for improvement, we have come a long way from the depths of the recession and the outlook appears to be brightening." Sadly, as the chart below proves, it doesn't take much to get the NAHB confident these days. We present the fudge free data on housing completions: not starts, not permits, completions, which is what you get on the other side of the homebuilding process once all i and t's have been dotted and crossed, because one can fudge both the start and permit metric more than Bank of Spain's X-13-ARIMA seasonal "models" can make MS' IPO track record successful. We leave it up to readers to decide just what homebuilders are so very confident about. Residual record hopium sloshing in the system notwithstanding.
by Paul Joseph Watson, Infowars:
First it was the Department of Homeland Security, then it was the
National Oceanic and Atmospheric Administration, and now the Social Security Administration is set to purchase 174,000 rounds of hollow point bullets that will be delivered to 41 locations across the country.
A solicitation posted by the SSA on the FedBizOpps website asks for contractors to supply 174,000 rounds of “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.”
First it was the Department of Homeland Security, then it was the
National Oceanic and Atmospheric Administration, and now the Social Security Administration is set to purchase 174,000 rounds of hollow point bullets that will be delivered to 41 locations across the country.A solicitation posted by the SSA on the FedBizOpps website asks for contractors to supply 174,000 rounds of “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.”
An online ammunition retailer describes the bullets as
suitable “for peak performance rivaling and sometimes surpassing
handloads in many guns,” noting that the ammo is “a great personal
defense bullet.”
Read More @ InfoWars.comWe Are All Muppets Now...
Muppets only complain when the prop jobs and skimming fail to deliver fat gains to their accounts. But being a muppet is being a mark: it's the muppets who are being milked and skimmed.
Being a participant in a hopelessly compromised, rigged market makes
us marks because we're ultimately providing liquidity and capital for
the players to skim. When the officially sanctioned
intervention finally fails and the market leaks 40% of its current
value, the muppets will finally understand the "outsized returns" were
just a con used to entice them into playing digital 3-card monte.
The game is rigged, but the greed of the player overrides his
skepticism and caution. The same can be said for pension funds and all
the other institutional players. Desperate for yield, they've foolishly
ponied up hundreds of billions of dollars to play 3-card monte with
crooked dealers and a crooked house.Are we Witnessing a Shift in Investor Sentiment?
Trader Dan at Trader Dan's Market Views - 28 minutes ago
As many of you who listen in to my regular weekly radio interview on the
KWN Markets and Metals Wrap are aware, in my mind, the most important
financial market is the bond or interest rate market. Everything revolves
around interest rates and as such, those levels are the key in
understanding where traders/investors are in their thinking at any given
moment in time.
Take a look at the following chart denoting the interest rate being paid or
the yield on the US Ten Year Note. Within the span of a mere 3 weeks or so,
this yield has shot up from down near 1.4% all the way to 1.8%. That... more »
Treasury yields rise to highest since May
Eric De Groot at Eric De Groot - 53 minutes ago
It’s been a well-timed and poorly-disguised forced transition from
risk-aversion to risk trade since the setup first materialized in May
2012. The low volume, highly-distrusted election year stock market rally
and bond market decline (chart 1) continues to defy the experts. Soon
those same experts will proclaim bonds as dead money while the invisible
hand following the magenta...
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content, and more! ]]
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I'm PayPal VerifiedRising Confidence Unconfirmed By Reality
Eric De Groot at Eric De Groot - 1 hour ago
Homebuilder confidence, a soft indicator, continues to improve while real
estate loans and cash assets, hard indicators, falter. Failing real estate
loans and rising cash assets for all commercial banks reflects more
stringent restriction on real estate loans and a general reluctance to lend
(chart 1 and 2) Chart 1: Real Estate Loans 12-Month Change (RE12LN) And...
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content, and more! ]]
Jamie Dimon: Beyond God's Work, Defender of Truth
Crude Spikes On Renewed Mid-East War Fears As Saudi Arabia Recalls Lebanon Citizens
Paint
is drying, so what is the best way to break the monotony? Why with
renewed Iran war speculation of course. Sure enough, here comes Saudi
Arabia to the rescue. From Reuters:
"Saudi Arabia has ordered its citizens to leave Lebanon “immediately”,
the state news agency reported in an SMS alert on Wednesday. “The
Saudi Arabian embassy in Lebanon calls all Saudi citizens to leave
Lebanon immediately,” the alert said, without elaborating." Making an
imminent Iran attack far less likely, however, is an article in
Bloomberg titled "Israel Plans Iran Strike; Citizens Say Government Serious." Of
course anyone expecting Israel to launch a strike with every paper in
the world blasting the above title as a headline may as well buy some
Las Vegas 10,000 square foot haciendas because housing has "bottomed."
For now however Brent is leaning on the side of caution, and is back to
all time highs in EUR terms.Where Gas Prices Are Highest
Think
the US has it bad with its "soaring" gas price, which is now back to
$3.75 per gallon? Think again. Here is a list of the countries whose
gasoline cost puts what Americans pay at the pump to shame. In order of
descending gas prices, below are the 20 places in the world where one
does not want to "fill 'er up."
by David McWilliams, David McWilliams:
Have you been following the murder trial in China, where a British
businessman was allegedly killed by the wife of a man who was until
recently tipped for political greatness? His fall from grace on
corruption charges has been made far more vertiginous by the trial of
his wife. You can’t say they don’t know how to destroy political
opponents in China.
The trial, for those people who watch closely, is all about the power struggle at the heart of the Communist Party to see who is going to be the next Emperor and, possibly more importantly, who is going to be whispering in his ear.
As we wrote here in the column in June, the background noise to this power struggle is a slowing economy. The Communist Party need economic growth because, having dropped all their Maoist rhetoric, all they have is economic growth.
“Equality for all” has been replaced by the slogan of “prosperity for all” and if they don’t deliver they are toast. So the party will do whatever it takes to get economic growth going again. Unlike Mario Draghi, when the Politburo says it will do whatever it can, you can rest assured that it means it.
For foreign investors, who should be mindful of the quip that “you can make anything in China except money”, the slowdown should be watched carefully.
Read More @ DavidMcWilliams.ie
Have you been following the murder trial in China, where a British
businessman was allegedly killed by the wife of a man who was until
recently tipped for political greatness? His fall from grace on
corruption charges has been made far more vertiginous by the trial of
his wife. You can’t say they don’t know how to destroy political
opponents in China.The trial, for those people who watch closely, is all about the power struggle at the heart of the Communist Party to see who is going to be the next Emperor and, possibly more importantly, who is going to be whispering in his ear.
As we wrote here in the column in June, the background noise to this power struggle is a slowing economy. The Communist Party need economic growth because, having dropped all their Maoist rhetoric, all they have is economic growth.
“Equality for all” has been replaced by the slogan of “prosperity for all” and if they don’t deliver they are toast. So the party will do whatever it takes to get economic growth going again. Unlike Mario Draghi, when the Politburo says it will do whatever it can, you can rest assured that it means it.
For foreign investors, who should be mindful of the quip that “you can make anything in China except money”, the slowdown should be watched carefully.
Read More @ DavidMcWilliams.ie
by Chris Powell, Secretary/Treasurer, GATA, GATA:
Dear Friend of GATA and Gold:
For years GATA has been glad to respond to questions about the gold market from financial journalists in the mainstream news media but we have always urged them to question the primary actors in the market, central banks, particularly in light of the documentation we have amassed showing or suggesting their often-surreptitious intervention in the market:
http://www.gata.org/taxonomy/term/21
As far as we know, no such journalists have yet tried to question central banks about gold and reported the answers or refusals to answer, even as the efforts to question Germany’s central bank, the Bundesbank, by the Canadian market analyst Rob Kirby in 2009 and the German freelance journalist Lars Schall in 2010 extracted some sensational confirmations in the form of denials:
Read More @ GATA.org
Dear Friend of GATA and Gold:
For years GATA has been glad to respond to questions about the gold market from financial journalists in the mainstream news media but we have always urged them to question the primary actors in the market, central banks, particularly in light of the documentation we have amassed showing or suggesting their often-surreptitious intervention in the market:
http://www.gata.org/taxonomy/term/21
As far as we know, no such journalists have yet tried to question central banks about gold and reported the answers or refusals to answer, even as the efforts to question Germany’s central bank, the Bundesbank, by the Canadian market analyst Rob Kirby in 2009 and the German freelance journalist Lars Schall in 2010 extracted some sensational confirmations in the form of denials:
Read More @ GATA.org
by Susanne Posel, Occupy Corporatism:
Michael Chertoff, former director of the Department of Homeland Security (DHS) have brought the influence
of the Israel Defense Force to local police departments across America.
By using Zionist training, local police are being mentally and
physically shifted from being protectors of American law to purveyors of
Zionist control-schemes.
While the suppressive, over-reaching Obama administration, under control of the global Elite, turns our Constitutional Republic in a Fascist Dictatorship, the police forces have been a clear reflection. Suddenly the use of military uniforms, armored vehicles, assault weapons, illegal surveillance is evidence of a Nazi-style computer interference systems are evidencing a dramatic shift in American societal structure.
The Marine Corp have created a law-enforcement battalion (ELB) consisting of specialized military police officers (SMP) that will be deployed to assist in investigating crimes dealing with drug trafficking, train security and terrorism.
The ELBs contain an estimated 500 SMPs and trained dogs. While capitalizing on their investigative and police training, they will take the role of current street cops while still remaining part of the Marine Corp.
Read More @ OccupyCorporatism.com
Michael Chertoff, former director of the Department of Homeland Security (DHS) have brought the influence
of the Israel Defense Force to local police departments across America.
By using Zionist training, local police are being mentally and
physically shifted from being protectors of American law to purveyors of
Zionist control-schemes.While the suppressive, over-reaching Obama administration, under control of the global Elite, turns our Constitutional Republic in a Fascist Dictatorship, the police forces have been a clear reflection. Suddenly the use of military uniforms, armored vehicles, assault weapons, illegal surveillance is evidence of a Nazi-style computer interference systems are evidencing a dramatic shift in American societal structure.
The Marine Corp have created a law-enforcement battalion (ELB) consisting of specialized military police officers (SMP) that will be deployed to assist in investigating crimes dealing with drug trafficking, train security and terrorism.
The ELBs contain an estimated 500 SMPs and trained dogs. While capitalizing on their investigative and police training, they will take the role of current street cops while still remaining part of the Marine Corp.
Read More @ OccupyCorporatism.com
from Silver Vigilante:
Appearing on November 9, 1998, “India Silver Hoarding Worries Users
Group,” penned by Silver Users Association spokesman Walter Frankland,
stated:
“Is there a role for the Silver Users Association–in conjunction with groups in other countries–to take action that would focus on India and see if their market can be opened to freer trade? There’s no reason to wait around until volatility hits the market again, in my opinion.”
In the United States and the “west”, doused in mainstream media mustard gas, less than 1% of the retail public buys silver. In other countries, taxes of 50% and more on silver sales has dampened demand. But it cannot forever. The derivatives bull market has created a bull market in physical silver that does not exist and a pop-panic out of paper like the world has never seen will ensue. The war on silver will spin epically out of control, and there is no telling where the price may land.
That, alongside short-and-medium term speculation, is why investors’ holdings are near a record high set last April for silver, despite that hedge funds are the least bullish on silver in nearly four years. In the medium-term, speculators have reduced bets on higher silver prices by 72 percent since the end of February, according to U.S. Commodity Futures Trading Commission data. Silver products held in exchange-traded funds, however, have increased three straight months and now totals $16.2 billion, according to Bloomberg.
Read More @ Silver Vigilante
Appearing on November 9, 1998, “India Silver Hoarding Worries Users
Group,” penned by Silver Users Association spokesman Walter Frankland,
stated:“Is there a role for the Silver Users Association–in conjunction with groups in other countries–to take action that would focus on India and see if their market can be opened to freer trade? There’s no reason to wait around until volatility hits the market again, in my opinion.”
In the United States and the “west”, doused in mainstream media mustard gas, less than 1% of the retail public buys silver. In other countries, taxes of 50% and more on silver sales has dampened demand. But it cannot forever. The derivatives bull market has created a bull market in physical silver that does not exist and a pop-panic out of paper like the world has never seen will ensue. The war on silver will spin epically out of control, and there is no telling where the price may land.
That, alongside short-and-medium term speculation, is why investors’ holdings are near a record high set last April for silver, despite that hedge funds are the least bullish on silver in nearly four years. In the medium-term, speculators have reduced bets on higher silver prices by 72 percent since the end of February, according to U.S. Commodity Futures Trading Commission data. Silver products held in exchange-traded funds, however, have increased three straight months and now totals $16.2 billion, according to Bloomberg.
Read More @ Silver Vigilante
by Jon Rappoport, Natural News:
In a stunning interview with Truthout’s Martha Rosenberg, former FDA
drug reviewer, Ronald Cavanaugh, exposes the FDA as a relentless
criminal mafia protecting its client, Big Pharma, with a host of mob
strategies.
http://truth-out.org
Cavanaugh: “…widespread racketeering, including witness tampering and witness retaliation.”
“I was threatened with prison.”
“One [FDA] manager threatened my children… I was afraid that I could be killed for talking to Congress and criminal investigators.”
Cavanaugh reviewed new drug applications made to the FDA by pharmaceutical companies. He was one of the holdouts at the Agency who insisted that the drugs had to be safe and effective before being released to the public.
But honest appraisal wasn’t part of the FDA culture, and Cavanaugh swam against the tide, until he realized his life and the life of his children was on the line.
What was his secret task at the FDA? “Drug reviewers were clearly told not to question drug companies and that our job was to approve drugs.” In other words, rubber stamp them. Say the drugs were safe and effective when they were not.
Read More @ NaturalNews.com
In a stunning interview with Truthout’s Martha Rosenberg, former FDA
drug reviewer, Ronald Cavanaugh, exposes the FDA as a relentless
criminal mafia protecting its client, Big Pharma, with a host of mob
strategies.http://truth-out.org
Cavanaugh: “…widespread racketeering, including witness tampering and witness retaliation.”
“I was threatened with prison.”
“One [FDA] manager threatened my children… I was afraid that I could be killed for talking to Congress and criminal investigators.”
Cavanaugh reviewed new drug applications made to the FDA by pharmaceutical companies. He was one of the holdouts at the Agency who insisted that the drugs had to be safe and effective before being released to the public.
But honest appraisal wasn’t part of the FDA culture, and Cavanaugh swam against the tide, until he realized his life and the life of his children was on the line.
What was his secret task at the FDA? “Drug reviewers were clearly told not to question drug companies and that our job was to approve drugs.” In other words, rubber stamp them. Say the drugs were safe and effective when they were not.
Read More @ NaturalNews.com
[Ed. Note:
Billionaires buying gold via paper ETF's... here's to hoping Mr. Soros
gets what he's got coming when the paper Ponzi finally implodes.]
from Gold Core:
An important positive development for the gold market is billionaire
financiers George Soros and John Paulson have again increased their
allocations to gold as seen in the latest SEC filings.
George Soros more than doubled his shares in the SPDR gold trust ETF.
He increased his position in SPDR Gold to $137.3 million in the second quarter from $52 million previously. SEC filing for the second quarter showed Soros Fund Management more than doubled its investment in the SPDR Gold Trust from 319,550 shares to 884,400 shares at the end of June.
In September 2010 (see chart), Soros called gold “the ultimate bubble” and largely dumped his stake in the ETF before gold recorded annual gains in 2010 and 2011 and rose to a nominal high of $1,920.30 per ounce in September.
There was speculation at the time that he may have sold the SPDR trust in order to own far safer allocated gold bars.
Another billionaire investor respected for his financial acumen is John Paulson and Paulson & Co increased its holdings by 26% by purchasing an additional 4.53 million shares of the SPDR Gold Trust to bring entire holding to 21.8 million shares.
Read More @ GoldCore.com
from Gold Core:
An important positive development for the gold market is billionaire
financiers George Soros and John Paulson have again increased their
allocations to gold as seen in the latest SEC filings.George Soros more than doubled his shares in the SPDR gold trust ETF.
He increased his position in SPDR Gold to $137.3 million in the second quarter from $52 million previously. SEC filing for the second quarter showed Soros Fund Management more than doubled its investment in the SPDR Gold Trust from 319,550 shares to 884,400 shares at the end of June.
In September 2010 (see chart), Soros called gold “the ultimate bubble” and largely dumped his stake in the ETF before gold recorded annual gains in 2010 and 2011 and rose to a nominal high of $1,920.30 per ounce in September.
There was speculation at the time that he may have sold the SPDR trust in order to own far safer allocated gold bars.
Another billionaire investor respected for his financial acumen is John Paulson and Paulson & Co increased its holdings by 26% by purchasing an additional 4.53 million shares of the SPDR Gold Trust to bring entire holding to 21.8 million shares.
Read More @ GoldCore.com
from, Testosterone Pit.com:
For German Chancellor Angela Merkel and her ilk, it’s going to be a
steamy August and an even steamier September and October with political
battles left and right, to be fought mano a mano, as the Eurozone debt
crisis and the growing bailout rebellion in Germany are migrating from
parliamentary discussions, closed-door meetings, and shaky EU summit—21
of them so far—to electoral politics. Voters may finally have a say.
She has consistently driven her agenda towards a more integrated Europe, but her solutions to the debt crisis have butted into the German constitution. The Fiscal Union treaty and the ESM bailout fund are currently being dissected by the Federal Constitutional Court, with a decision due on September 12. These mechanisms would transfer budgetary sovereignty and other rights from the Bundestag to the EU government, and thus from voters in Germany—or Italy and Spain, for that matter—to unelected bureaucrats in Brussels.
More mechanisms with sovereignty transfers have appeared on the horizon as the EU government has embarked on a power grab—supported by many national politicians with visions of upward extensions of their careers. Might German Finance Minister Wolfgang Schäuble be dreaming about a promotion to EU Finance Minister? And the inevitable Merkel to EU President?
Read More @ TestosteronePit.com
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For German Chancellor Angela Merkel and her ilk, it’s going to be a
steamy August and an even steamier September and October with political
battles left and right, to be fought mano a mano, as the Eurozone debt
crisis and the growing bailout rebellion in Germany are migrating from
parliamentary discussions, closed-door meetings, and shaky EU summit—21
of them so far—to electoral politics. Voters may finally have a say.She has consistently driven her agenda towards a more integrated Europe, but her solutions to the debt crisis have butted into the German constitution. The Fiscal Union treaty and the ESM bailout fund are currently being dissected by the Federal Constitutional Court, with a decision due on September 12. These mechanisms would transfer budgetary sovereignty and other rights from the Bundestag to the EU government, and thus from voters in Germany—or Italy and Spain, for that matter—to unelected bureaucrats in Brussels.
More mechanisms with sovereignty transfers have appeared on the horizon as the EU government has embarked on a power grab—supported by many national politicians with visions of upward extensions of their careers. Might German Finance Minister Wolfgang Schäuble be dreaming about a promotion to EU Finance Minister? And the inevitable Merkel to EU President?
Read More @ TestosteronePit.com
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