from Money News:
Despite the 6.5% stock market rally over the last three months, a
handful of billionaires are quietly dumping their American stocks . . .
and fast.
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.
With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.
Read More @ MoneyNews.com
Despite the 6.5% stock market rally over the last three months, a
handful of billionaires are quietly dumping their American stocks . . .
and fast.Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.
With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.
Read More @ MoneyNews.com
Peter Schiff 2012 – Get out now! Get out of the dollar!
When I interviewed GATA’s Bill Murphy on July 19th, Bill predicted with amazing accuracy the “big, big moves” we saw in both gold and silver in August. Bill also told us that his London source claimed that at least part of JP Morgan’s ‘London Whale’ loss of $2+ Billion (later revised to $5-7 billion), had something to do with Morgan’s massive short position in silver. The London source told Murphy that Morgan was having a hard time extricating itself from its massive short position.
Then on August 22nd, Bill Murphy was interviewed by altinvestorshangout and made even more shocking predictions regarding JP Morgan. Bill again reiterated that JP Morgan was in “big trouble”. Murphy said the gold cartel and JP Morgan “are losing control of the manipulations at these low prices. They don’t have the metal to keep the prices down here. It’s that simple.”
Then Bill dropped a bombshell:
“There’s going to be a JPM silver scandal to rival LIBOR … it’s in the pipeline. They’re in TROUBLE, because of what’s going to happen. Not in trouble just because of their short position, but because of what they’ve done. They’ve been hosing the American public and they’ve been caught and our whistle blower’s going to do a Madoff on them.”Two weeks later Bill appeared on Capital Account and predicted more nightmares for JPM, saying that he wouldn’t be surprised to see a JP Morgan force majeure – and a failure to deliver before the end of the year. “They have big problems with what they’ve done… and they’re running out of physical supply”, Murphy told host Lauren Lyster. Read More…
Postcards From A Furious China
Over
the past 48 hours we have written much, describing the perfectly
expected surge in nationalist fervor and anti-Japanese sentiment, as the
Senkaku Islands Snafu hits its boiling point (a Japan whose GDP is now
declining in real terms, whose economy has been crippled by years of
deflation, whose infrastructure is impaired due to anti-nuclear power
sentiment, and one which generally can not afford an all out diplomatic, political and economic conflict with China, and may thus ask itself: why escalate and just who prompted it do so now?). Instead we'll let the pictures do the
by Mac Slavo, SHTFPlan:
There is no single event that has brought the world to the crisis which we now face. It’s been a coordinated, long-term plan whose seeds were sown decades ago.
It will soon come to a head on an economic and geo-political scale, and the consequences will be severe for most of the seven billion people on this planet.
There is no single event that has brought the world to the crisis which we now face. It’s been a coordinated, long-term plan whose seeds were sown decades ago.
It will soon come to a head on an economic and geo-political scale, and the consequences will be severe for most of the seven billion people on this planet.
It should be clear that military intervention in Syria and Iran isn’t being considered; it’s a forgone conclusion, just as it was in Iraq and Libya. The U.S. is actively working to create the context which gives them the diplomatic cover to do what they already have planned.
The motive for these invasions and covert actions becomes clear when we look at them in their full context and connect the dots. Those who control the United States understand that even if a few countries begin to sell their oil in another currency it will set off a chain reaction and the dollar will collapse.
Read More @ SHTFPlan.com
from KingWorldNews:
Today Michael Pento upgraded his bullish stance on gold by telling King World News, “I now predict that Chairman Bernanke’s actions will send gold to an all-time high.” Pento has been deadly accurate in his predictions regarding moves by the central planners. He now believes gold will hit new all-time highs, “… both in nominal and real terms.”
Michael Pento writes exclusively for King World News to let readers know what to expect from central planners going forward, and how it will impact the economy and key markets such as gold.
Here is Pento’s piece: “Last week, Fed Chairman Ben Bernanke announced that the central bank would launch an unprecedented form of quantitative easing. This ‘new and improved’ iteration of money printing will be without limit and duration. The Fed Head launched QE III ($40 billion of MBS purchases every month) on September 13th and stated that it will remain in effect until the labor market ‘improves substantially.’”
Pento continues @ KingWorldNews.com
Daily Readers Have Known This For 3 1/2 years...
How Many Times Have I told you... (that) "They would Print Money to Infinity and Beyond"...
Today Michael Pento upgraded his bullish stance on gold by telling King World News, “I now predict that Chairman Bernanke’s actions will send gold to an all-time high.” Pento has been deadly accurate in his predictions regarding moves by the central planners. He now believes gold will hit new all-time highs, “… both in nominal and real terms.”
Michael Pento writes exclusively for King World News to let readers know what to expect from central planners going forward, and how it will impact the economy and key markets such as gold.
Here is Pento’s piece: “Last week, Fed Chairman Ben Bernanke announced that the central bank would launch an unprecedented form of quantitative easing. This ‘new and improved’ iteration of money printing will be without limit and duration. The Fed Head launched QE III ($40 billion of MBS purchases every month) on September 13th and stated that it will remain in effect until the labor market ‘improves substantially.’”
Pento continues @ KingWorldNews.com
Daily Readers Have Known This For 3 1/2 years...
How Many Times Have I told you... (that) "They would Print Money to Infinity and Beyond"...
from MyBudget360.com
The Federal Reserve
is playing with financial fire here. The last employment report was
terribly weak and no amount of spinning can make it good. The drop was
largely based on hundreds of thousands of Americans dropping out of the
labor force. Is that really a positive sign? Last week we received
data from the Census Bureau showing US household median income
is now back to levels last seen in 1995. The Fed responded with an
open ended invitation to inflation via Quantitative Easing III. Yet
there is an inherent risk that is now approaching with stagflation.
With GDP growth tepid and employment weak, any rise in inflation will
likely stifle consumer demand in the current economy. How much lower
can the Fed really push interest rates by purchasing mortgage backed
securities? We are already at negative interest rates. Yet the Federal Reserve
only understands this monetary policy measure and is beholden to the
financial sector. These same policies have been in play since 2007 and
who is really coming out ahead?
Read More @ MyBudget360.com
The Federal Reserve
is playing with financial fire here. The last employment report was
terribly weak and no amount of spinning can make it good. The drop was
largely based on hundreds of thousands of Americans dropping out of the
labor force. Is that really a positive sign? Last week we received
data from the Census Bureau showing US household median income
is now back to levels last seen in 1995. The Fed responded with an
open ended invitation to inflation via Quantitative Easing III. Yet
there is an inherent risk that is now approaching with stagflation.
With GDP growth tepid and employment weak, any rise in inflation will
likely stifle consumer demand in the current economy. How much lower
can the Fed really push interest rates by purchasing mortgage backed
securities? We are already at negative interest rates. Yet the Federal Reserve
only understands this monetary policy measure and is beholden to the
financial sector. These same policies have been in play since 2007 and
who is really coming out ahead?Read More @ MyBudget360.com
by Ann Barnhardt, SilverBearCafe.com:
If you know how bad the situation is and don’t feel the need to subject yourself to any more of my patented Barnhardt Phillipic and Funeral Dirge for Civilization, take your leave now, because I honestly think that this is the the saddest, most profoundly depressing post I have yet written.
And I’ve written a few.
A few thousand.
The topic is the US Dollar, and currency in general. The Federal Reserve has been willfully and systematically debasing the US dollar for a century by claiming that 2% inflation is the benchmark of a healthy economy. Since the universities and media have been overrun by Marxists, there is hardly anyone alive who A.) is in possession of the capacity to independently think and reason their way through such a question and B.) anyone who cares in the first place.
Read More @ SilverBearCafe.com
If you know how bad the situation is and don’t feel the need to subject yourself to any more of my patented Barnhardt Phillipic and Funeral Dirge for Civilization, take your leave now, because I honestly think that this is the the saddest, most profoundly depressing post I have yet written.
And I’ve written a few.
A few thousand.
The topic is the US Dollar, and currency in general. The Federal Reserve has been willfully and systematically debasing the US dollar for a century by claiming that 2% inflation is the benchmark of a healthy economy. Since the universities and media have been overrun by Marxists, there is hardly anyone alive who A.) is in possession of the capacity to independently think and reason their way through such a question and B.) anyone who cares in the first place.
Read More @ SilverBearCafe.com
by Kurt Nimmo, Infowars:
On Friday, the independent and nationally recognized statistical rating organization lowered “the U.S. government to ‘AA-’ from ‘AA,’ citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality,” CNBC reported.
In April, Egan-Jones ratcheted down the U.S. credit rating to “AA” from “AA+” with a negative watch. The negative watch meant there was a 50% chance of the government’s rating being lowered within three months.
Egan-Jones said cranking up the printing presses and artificially lowering interest rates by purchasing mortgage-backed securities will not raise the real GDP but will instead reduce the value of the dollar.
Read More @ Infowars.com
On Friday, the independent and nationally recognized statistical rating organization lowered “the U.S. government to ‘AA-’ from ‘AA,’ citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality,” CNBC reported.
In April, Egan-Jones ratcheted down the U.S. credit rating to “AA” from “AA+” with a negative watch. The negative watch meant there was a 50% chance of the government’s rating being lowered within three months.
Egan-Jones said cranking up the printing presses and artificially lowering interest rates by purchasing mortgage-backed securities will not raise the real GDP but will instead reduce the value of the dollar.
Read More @ Infowars.com
Hedge Fund Silver Positions
Trader Dan at Trader Dan's Market Views - 3 hours ago
Here is the latest breakdown of the hedge fund positions in the Silver
market at the Comex based on Friday's COT data.
Speculative money flows continue into Silver as hedge fund managers
position themselves further on the long side of the market and continue
reducing their short side exposure.
Purchasing Power Of Various Currencies and Gold
Target Practice...
by Nicholas West, Activist Post
The thought of walking along a secluded stretch of beach to gather one’s thoughts, enjoying the feel of the sand and sound of the water — or perhaps to enjoy some special company — is literally set to fly out the window.
Australia is looking to introduce a drone beach patrol on North Stradbroke Island in the name of “public safety.” If the test is successful, the plan will go nationwide, according to ABC News Australia.
Brett Williamson, head of an organization called Surf Life Saving Australia, would like to see a system of drones that will fly along the coast, including remote beach areas, and be equipped with sirens and flotation buoys that will give the ability to drop into the ocean to provide assistance to those in distress.
Read More @ Activist Post
from BrotherJohnf:
from PressTVGlobalNews:
After slashing wages and pensions and crippling health and education, the Greek government set up the Hellenic Republic Asset Development Fund, a national privatization agency.
After slashing wages and pensions and crippling health and education, the Greek government set up the Hellenic Republic Asset Development Fund, a national privatization agency.
from The Daily Caller:
California Democratic Rep. Brad Sherman said at a press conference on
immigration outside the Capitol Friday afternoon that America needs
immigration reform to help those here illegally while also allowing them
unionize for better wages.
“We need a regular process by which the 12 million people who are part of our society can be fully part of our society, and they need documents,” the congressman said. “It’s important for the labor market of this country because as long as there are 12 million people without documents, there are 12 million people who can’t stand up for their rights as workers, and that means there are 12 million people who can be used by unscrupulous employers to keep down wages and to prevent unions from organizing.”
Sherman was joined at the press conference by Rep. Judy Chu, Rep. Sheila Jackson Lee and Rep. Lloyd Doggett. Each member thanked President Obama for his executive order to stop the deportation of certain illegal immigrants, but they said it was only the first step in a process Congress needs to finish.
Watch the Video @ TheDailyCaller.com
A week ago, after peripheral European bonds soared and yields plunged on more hype and more promises that the ECB may monetize debt on the one condition that insolvent countries hand over sovereignty to the Troika ala Greece, we were not all surprised to learn that "suddenly, nobody in Europe wants the ECB bailout." And why should they? After all, The whole point of the gambit was to lower bond rates, which happened, which would allow insolvent government to stack even more debt courtesy of lower rates on top of record debt, taking the insanity of the old saying "fixing an insolvency problem with liquidity" one step further, and revising it to "fixing an insolvency problem with more insolvency." Furthermore, if the mere threat of the ECB stepping in and crushing any shorts or supporting longs was enough, why even bother with actual intervention. Simple: even infinite monetary dilution has its limits. That limit is and always has been cash flow, because a central bank can only dilute wealth, never create it. And for Spain said limit is approaching fast.
California Democratic Rep. Brad Sherman said at a press conference on
immigration outside the Capitol Friday afternoon that America needs
immigration reform to help those here illegally while also allowing them
unionize for better wages.“We need a regular process by which the 12 million people who are part of our society can be fully part of our society, and they need documents,” the congressman said. “It’s important for the labor market of this country because as long as there are 12 million people without documents, there are 12 million people who can’t stand up for their rights as workers, and that means there are 12 million people who can be used by unscrupulous employers to keep down wages and to prevent unions from organizing.”
Sherman was joined at the press conference by Rep. Judy Chu, Rep. Sheila Jackson Lee and Rep. Lloyd Doggett. Each member thanked President Obama for his executive order to stop the deportation of certain illegal immigrants, but they said it was only the first step in a process Congress needs to finish.
Watch the Video @ TheDailyCaller.com
The Chart Spain's Mariano Rajoy Wishes Could Be Swept Under The Rug
A week ago, after peripheral European bonds soared and yields plunged on more hype and more promises that the ECB may monetize debt on the one condition that insolvent countries hand over sovereignty to the Troika ala Greece, we were not all surprised to learn that "suddenly, nobody in Europe wants the ECB bailout." And why should they? After all, The whole point of the gambit was to lower bond rates, which happened, which would allow insolvent government to stack even more debt courtesy of lower rates on top of record debt, taking the insanity of the old saying "fixing an insolvency problem with liquidity" one step further, and revising it to "fixing an insolvency problem with more insolvency." Furthermore, if the mere threat of the ECB stepping in and crushing any shorts or supporting longs was enough, why even bother with actual intervention. Simple: even infinite monetary dilution has its limits. That limit is and always has been cash flow, because a central bank can only dilute wealth, never create it. And for Spain said limit is approaching fast.
by Kurt Nimmo, InfoWars:
Following a story published in The Telegraph reporting an armada of U.S. and British ships amassing in the Persian Gulf, a top commander in Iran’s Revolutionary Guard warned Sunday that “nothing will remain” of Israel if his country is attacked.
“Our response to Israel is clear: I think nothing will remain of Israel (should it attack Iran). Given Israel’s small land area and its vulnerability to a massive volume of Iran’s missiles, I don’t think any spot in Israel will remain safe,” said Gen. Mohammad Ali Jafar.
He also said Iran would close down the Strait of Hormuz, strike U.S. bases in the Middle East, and withdraw from the Nuclear Non-Proliferation Treaty.
“The US military bases sprawled around Iran are considered a big vulnerability. Even the missile shields that they have set up, based on information we have, could only work for a few missiles but when exposed to a massive volume of missiles, the shields will lose their efficiency and will not work,” he explained.
According to The Telegraph, leaders in the West are certain Iran will move to close down the Strait of Hormuz if its nuclear facilities are attacked. Approximately 35 per cent of the world’s oil supply currently moves through the Strait.
Read More @ InfoWars.com
Following a story published in The Telegraph reporting an armada of U.S. and British ships amassing in the Persian Gulf, a top commander in Iran’s Revolutionary Guard warned Sunday that “nothing will remain” of Israel if his country is attacked.
“Our response to Israel is clear: I think nothing will remain of Israel (should it attack Iran). Given Israel’s small land area and its vulnerability to a massive volume of Iran’s missiles, I don’t think any spot in Israel will remain safe,” said Gen. Mohammad Ali Jafar.
He also said Iran would close down the Strait of Hormuz, strike U.S. bases in the Middle East, and withdraw from the Nuclear Non-Proliferation Treaty.
“The US military bases sprawled around Iran are considered a big vulnerability. Even the missile shields that they have set up, based on information we have, could only work for a few missiles but when exposed to a massive volume of missiles, the shields will lose their efficiency and will not work,” he explained.
According to The Telegraph, leaders in the West are certain Iran will move to close down the Strait of Hormuz if its nuclear facilities are attacked. Approximately 35 per cent of the world’s oil supply currently moves through the Strait.
Read More @ InfoWars.com
by Alasdair Macleod, Gold Money:
The US Republican Party recently announced its intention to set up a “gold commission”,
to examine the feasability or not of returning to a gold standard. This
raises important questions, cutting across the neoclassical economic
consensus, so is bound to be controversial. If the commission is
appointed, it members will have to re-learn how gold works as money,
take on board the consequences of its reintroduction, and understand the
reasons why mixing un-backed paper and gold is a flawed compromise.
Gold as money is fundamentally different from the paper-money environment we operate in today. Gold cannot be manipulated by government, while fiat money gives governments the flexibility in monetary policy they are accustomed to. To ditch flexibility for inflexibility is hard to justify, whatever the economic case. To do away with the option of easy money will also make many businesses judged to be not over-geared in a flexible monetary environment potentially insolvent.
For this reason, it is likely that any proposal for a gold standard is unlikely to go the whole hog. There is also the question of how much gold the central banks actually own, given decades of denying its monetary role, and of intervention by releasing bullion to discourage any thoughts that it is money.
Read More @ GoldMoney.com
Donations will help maintain this goal and defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
The US Republican Party recently announced its intention to set up a “gold commission”,
to examine the feasability or not of returning to a gold standard. This
raises important questions, cutting across the neoclassical economic
consensus, so is bound to be controversial. If the commission is
appointed, it members will have to re-learn how gold works as money,
take on board the consequences of its reintroduction, and understand the
reasons why mixing un-backed paper and gold is a flawed compromise.Gold as money is fundamentally different from the paper-money environment we operate in today. Gold cannot be manipulated by government, while fiat money gives governments the flexibility in monetary policy they are accustomed to. To ditch flexibility for inflexibility is hard to justify, whatever the economic case. To do away with the option of easy money will also make many businesses judged to be not over-geared in a flexible monetary environment potentially insolvent.
For this reason, it is likely that any proposal for a gold standard is unlikely to go the whole hog. There is also the question of how much gold the central banks actually own, given decades of denying its monetary role, and of intervention by releasing bullion to discourage any thoughts that it is money.
Read More @ GoldMoney.com
Donations will help maintain this goal and defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
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from morningmayan:
Iceland has the solution spread the word: http://www.youtube.com/watch?v=n-Ounzw3zgU&feature=plcp
Interview with the leader of the Iceland rebellion and how he started it and ignited the people into a true revolution of our times PEACEFULLY http://www.youtube.com/watch?v=1HOoVipS-nc
Iceland has the solution spread the word: http://www.youtube.com/watch?v=n-Ounzw3zgU&feature=plcp
Interview with the leader of the Iceland rebellion and how he started it and ignited the people into a true revolution of our times PEACEFULLY http://www.youtube.com/watch?v=1HOoVipS-nc
by Ethan A. Huff, Natural News:
By far the biggest opponent to California’s Proposition 37, the
upcoming ballot initiative that would require genetically-modified (GM)
foods to be properly labeled, is biotechnology giant Monsanto, which has
already forked over at least $4.3 million towards efforts to kill the
bill. But a little more than a decade ago, Monsanto was actually leading
the charge in promoting GMO labeling in the U.K., where the company
actually ran advertisements in favor of food ingredient transparency.
“Before you buy a potato, or any other food, you may want to know whether it’s the product of food biotechnology,” said one Monsanto ad that ran in the U.K. following the European Union’s (EU) approval for mandatory GMO labels back in 1997. “We have complete confidence that our food crops are as safe and nutritious as the standard alternatives,” it added, attempting to make the case through marketing means that GMOs were nothing about which people should worry.
Read More @ NaturalNews.com
Donations will help maintain this goal
and defray the operational costs. Paypal, a leading provider of secure
online money transfers, will handle the donations. Thank you for your
contribution.
By far the biggest opponent to California’s Proposition 37, the
upcoming ballot initiative that would require genetically-modified (GM)
foods to be properly labeled, is biotechnology giant Monsanto, which has
already forked over at least $4.3 million towards efforts to kill the
bill. But a little more than a decade ago, Monsanto was actually leading
the charge in promoting GMO labeling in the U.K., where the company
actually ran advertisements in favor of food ingredient transparency.“Before you buy a potato, or any other food, you may want to know whether it’s the product of food biotechnology,” said one Monsanto ad that ran in the U.K. following the European Union’s (EU) approval for mandatory GMO labels back in 1997. “We have complete confidence that our food crops are as safe and nutritious as the standard alternatives,” it added, attempting to make the case through marketing means that GMOs were nothing about which people should worry.
Read More @ NaturalNews.com
by Tim Carman, The Washington Post:
Of all the media outlets that have taken shots at Beef Products
and its “lean, finely textured beef,” the South Dakota-based company
apparently feels slimed by only one: ABC and its ABC News division.
The largest U.S. producer of “pink slime” — once widely found in fast-food burgers, supermarkets and the federal school lunch program — filed a defamation lawsuit Thursday against the network, claiming it went on a campaign that cost Beef Products $400 million. Anchor Diane Sawyer and reporters Jim Avila and David Kerley are also named as defendants.
“ABC ran for about 30 days a vicious disinformation campaign that consists of almost 200 false and misleading defamatory statements,” said Dan Webb, a trial lawyer and chairman of Winston & Strawn, which is representing Beef Products.
The 250-page-plus complaint asks for a total of $1.2 billion because South Dakota’s Agricultural Food Products Disparagement Act allows a plaintiff to triple the amount of damages that result from the defendant’s actions.
Read More @ The Washington Post.com
Dear CIGAs,
What this article really said, if you have the eyes to see it, is that China has a system in place to offset the effect of being shut out of the SWIFT system, the economic nuclear weapon of the West. That proves that the premature threat and use of the SWIFT system against Iran will have rendered this economic weapon useless in the future. The mistake the West made prematurely using the economic weapon, the SWIFT system, will come back to haunt the West as extremely expensive. Had this not been used prematurely, it could have shut down major nation’s economic processes by electronically deleting the enemy from the SWIFT system. Therefore the taking and making of settlement on international transaction would have fallen back on only the gold a nation had. Everyone had gotten lazy so both enemies and friends were settling international transactions on SWIFT. History will see this as the mistake of the century. Now all opposed to each other have or are developing their own electronic payment system free of SWIFT.
Society for Worldwide Interbank Financial Telecommunication From Wikipedia, the free encyclopedia
The Society for Worldwide Interbank Financial Telecommunication
(SWIFT) provides a network that enables financial institutions worldwide
to send and receive information about financial transactions in a
secure, standardized and reliable environment. SWIFT also markets
software and services to financial institutions, much of it for use on
the SWIFTNet Network, and ISO 9362 bank identifier codes (BICs) are
popularly known as "SWIFT codes".
The chairman of SWIFT is Yawar Shah, and the CEO is Gottfried Leibbrandt, who is from the Netherlands.
The majority of international interbank messages use the SWIFT network. As of September 2010, SWIFT linked more than 9,000 financial institutions in 209 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).[1] SWIFT transports financial messages in a highly secure way but does not hold accounts for its members and does not perform any form of clearing or settlement.
More…
Dollar no longer primary oil currency – China begins to sell oil using Yuan Kenneth Schortgen Jr.
Wed, 12 Sep 2012 22:00 CDT
© TIME/Facts Global Energy
On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970′s, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
Comment: Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."
"On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. – Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11
This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.
Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today’s price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China’s announcement.
More…
Jim Sinclair’s Commentary
The beginning of the Third World War where the battlefield is everywhere with no specific where. Or was that 9/11?
State Department: Stop asking us about the Benghazi attack Posted By Josh Rogin
Friday, September 14, 2012 – 9:26 PM
The State Department told reporters Friday afternoon that it won’t answer any more questions about the Sept. 11 attack on the consulate in Benghazi that killed four Americans until the investigation into the incident is complete.
"I’m going to frustrate all of you, infinitely, by telling you that now that we have an open FBI investigation on the death of these four Americans, we are not going to be in a position to talk at all about what the U.S. government may or may not be learning about how any of this this happened — not who they were, not how it happened, not what happened to Ambassador Stevens, not any of it — until the Justice Department is ready to talk about the investigation that’s its got," State Department spokeswoman Victorian Nuland told reporters late Friday afternoon.
"So I’m going to send to the FBI for those kinds of questions and they’re probably not going to talk to you about it," she said.
All aspects of the attack, including what led up to it, its causes, the identity of the perpetrators, and the circumstances surrounding the death of Amb. Chris Stevens and the other three Americans,are off limits for reporters.
The new policy leaves many questions about the Benghazi attack unanswered, potentially for a long time, such as the identity of the attackers, whether they were connected to protests earlier in the day in Cairo, what were the exact circumstances and cause of Stevens’s death, whether the administration had indications of the threat beforehand, and whether the consulate’s security was adequate or not.
More…
Jim Sinclair’s Commentary
You think Prince Harry’s grandmother is angry with him for his dalliances?
Deadly attack on base in Afghanistan destroys five aircraft, damages 3 Published September 15, 2012
Two Marines were killed and several more injured when Afghan militants armed with rocket propelled grenades and small arms breached the perimeter of the main U.S. Marine base in southern Afghanistan, following a rocket and mortar attack on the base that is shared with British forces.
Five aircraft were destroyed and three more damaged during an attack on Camp Bastion/Camp Leatherneck that also killed 16 Taliban, Friday, an International Security Assistance Force’s Joint Command spokesman told Fox News.
The base took indirect and small arms fire, causing major damage to buildings, an aircraft hangar.
The attack occurred on the same base where a burning man, largely assumed to be an Afghan suicide bomber targeted the plane of Defense Secretary Leon Panetta in March.
The base is a major military facility in the war-ravaged nation’s Helmand province.
Britain’s Prince Harry is stationed at the base with his Apache helicopter unit. Prince Harry, known to his unit as Captain Wales, recently arrived at Camp Bastion, according to information released last week by Buckingham Palace.
More…
Jim Sinclair’s Commentary
More on the Armada in the Strait of Hormuz.
Iran Watching as U.S. Military Launches Exercise in Strait of Hormuz By: Daniel Sagalyn
September 16, 2012 at 9:30 AM EDT
KUWAIT CITY, Kuwait | The United States, along with more than 27 other countries from four different continents, began Sunday the largest ever military exercise aimed at practicing how to find and destroy sea mines in the waters of the Middle East.
“This is about exercising capabilities that we want to exercise with our partners in the region,” said Pentagon spokesman George Littler this week.” Earlier this summer Little stressed that this training was not aimed at delivering a message to Iran.
However, with tensions heating up with Iran, and Israel threatening to bomb Iran’s nuclear facilities, a number of observers say the maneuvers at sea are aimed at Iran, and could be a dress rehearsal for war with the Islamic Republic.
U.S. Defense Department officials reject that characterization.
“I think it’s a signal to Iran,” countered Scott Truver, an expert on navy operations and mine warfare. “Despite the fact that the Department of Defense indicated that it’s not directed at Iran … it is sending a good signal to potential adversaries that we can deal with any threat that’s thrown at us, particularly if it’s the mine threat.”
More…
Jim Sinclair’s Commentary
Now these stop gaps are in over a trillion. Gold will go to and through $3500.
House approves stopgap $1.047 trillion spending bill Published September 13, 2012
WASHINGTON – Republican vice presidential candidate Paul Ryan on Thursday went along with a stopgap spending bill in the House that avoids a government shutdown but carries a price tag $19 billion higher than the budget he wrote in his role as a congressman.
Ryan, the top budget writer in the House, voted for a temporary spending bill that lets Congress keep government open for another six months. That allows lawmakers and President Barack Obama to put off dicey budget talks until after the Nov. 6 election.
Politics, though, were not far from Ryan’s first return to Congress since joining Mitt Romney’s presidential bid. He met informally behind closed doors with Republican lawmakers in what aides described as a meet-and-greet event.
The House chamber later erupted in a loud cheer — mostly from the Republican side — when Ryan entered the hall. Ryan held court in the rear of the chamber as back-slapping colleagues surrounded him. Among those congratulating him was the top Democrat on the House Budget Committee, Rep. Chris Van Hollen of Maryland, with whom Ryan has an adversarial but friendly relationship.
Ryan did not deliver remarks on the House floor ahead of the vote approving spending far greater than his budget outline.
More…
Dear CIGAs,
We are bullish on the Indian stock market, which in our view is underpriced and is a beneficiary of large foreign investment flows coming into the India investing firmament. India is under-owned among professional investors, and has become cheap as the Indian rupee has had a major decline over the past twelve months. We believe that the Indian rupee and Indian stocks will both rise as Indians purchase stocks to hedge against the rising inflation, and as foreigners buy stocks to benefit from the low valuations.
www.GuildInvestment.com
Dear Jim,
Here is a ‘snapshot’ of the US Dollar’s most recent decade. It is from the Fed. No one can claim they are ‘unaware’ of this information. Note the sharp reaction upon QEIII being announced. Bad idea to hold Dollars.
No matter how ‘high’ the stock markets seem to climb, it is a reflection of the diminishing purchasing power of the Greenback. Bad idea to have your Dollars invested there.
When Zimbabwe’s currency collapsed, many trillionaires were created on their stock market when it skyrocketed as the Zim$ tanked. They are all ‘el busto’ now.
Precious metals and commodities ‘not being money’ as Benny of the Fed said, are a different matter.
Fifteen of the twenty commodities tracked by Lloyds TSB have at least doubled since 2002.
Silver leads the list, UP 572% in ten years.
CIGA Richard S.
Gold is #2, UP 428% over the same decade.
Of all the media outlets that have taken shots at Beef Products
and its “lean, finely textured beef,” the South Dakota-based company
apparently feels slimed by only one: ABC and its ABC News division.The largest U.S. producer of “pink slime” — once widely found in fast-food burgers, supermarkets and the federal school lunch program — filed a defamation lawsuit Thursday against the network, claiming it went on a campaign that cost Beef Products $400 million. Anchor Diane Sawyer and reporters Jim Avila and David Kerley are also named as defendants.
“ABC ran for about 30 days a vicious disinformation campaign that consists of almost 200 false and misleading defamatory statements,” said Dan Webb, a trial lawyer and chairman of Winston & Strawn, which is representing Beef Products.
The 250-page-plus complaint asks for a total of $1.2 billion because South Dakota’s Agricultural Food Products Disparagement Act allows a plaintiff to triple the amount of damages that result from the defendant’s actions.
Read More @ The Washington Post.com
Dear CIGAs,
What this article really said, if you have the eyes to see it, is that China has a system in place to offset the effect of being shut out of the SWIFT system, the economic nuclear weapon of the West. That proves that the premature threat and use of the SWIFT system against Iran will have rendered this economic weapon useless in the future. The mistake the West made prematurely using the economic weapon, the SWIFT system, will come back to haunt the West as extremely expensive. Had this not been used prematurely, it could have shut down major nation’s economic processes by electronically deleting the enemy from the SWIFT system. Therefore the taking and making of settlement on international transaction would have fallen back on only the gold a nation had. Everyone had gotten lazy so both enemies and friends were settling international transactions on SWIFT. History will see this as the mistake of the century. Now all opposed to each other have or are developing their own electronic payment system free of SWIFT.
Society for Worldwide Interbank Financial Telecommunication From Wikipedia, the free encyclopedia
| Society for Worldwide Interbank Financial Telecommunication | |
| Type | Cooperative |
| Industry | Telecommunications |
| Founded | 1973 |
| Headquarters | Brussels, Belgium |
| Products | Financial Telecommunication |
| Employees | > 2000 |
| Website | SWIFT.com |
The chairman of SWIFT is Yawar Shah, and the CEO is Gottfried Leibbrandt, who is from the Netherlands.
The majority of international interbank messages use the SWIFT network. As of September 2010, SWIFT linked more than 9,000 financial institutions in 209 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995).[1] SWIFT transports financial messages in a highly secure way but does not hold accounts for its members and does not perform any form of clearing or settlement.
More…
Dollar no longer primary oil currency – China begins to sell oil using Yuan Kenneth Schortgen Jr.
Wed, 12 Sep 2012 22:00 CDT
© TIME/Facts Global Energy
On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970′s, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
Comment: Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."
"On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. – Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11
This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.
Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today’s price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China’s announcement.
More…
Jim Sinclair’s Commentary
The beginning of the Third World War where the battlefield is everywhere with no specific where. Or was that 9/11?
State Department: Stop asking us about the Benghazi attack Posted By Josh Rogin
Friday, September 14, 2012 – 9:26 PMThe State Department told reporters Friday afternoon that it won’t answer any more questions about the Sept. 11 attack on the consulate in Benghazi that killed four Americans until the investigation into the incident is complete.
"I’m going to frustrate all of you, infinitely, by telling you that now that we have an open FBI investigation on the death of these four Americans, we are not going to be in a position to talk at all about what the U.S. government may or may not be learning about how any of this this happened — not who they were, not how it happened, not what happened to Ambassador Stevens, not any of it — until the Justice Department is ready to talk about the investigation that’s its got," State Department spokeswoman Victorian Nuland told reporters late Friday afternoon.
"So I’m going to send to the FBI for those kinds of questions and they’re probably not going to talk to you about it," she said.
All aspects of the attack, including what led up to it, its causes, the identity of the perpetrators, and the circumstances surrounding the death of Amb. Chris Stevens and the other three Americans,are off limits for reporters.
The new policy leaves many questions about the Benghazi attack unanswered, potentially for a long time, such as the identity of the attackers, whether they were connected to protests earlier in the day in Cairo, what were the exact circumstances and cause of Stevens’s death, whether the administration had indications of the threat beforehand, and whether the consulate’s security was adequate or not.
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Jim Sinclair’s Commentary
You think Prince Harry’s grandmother is angry with him for his dalliances?
Deadly attack on base in Afghanistan destroys five aircraft, damages 3 Published September 15, 2012
Two Marines were killed and several more injured when Afghan militants armed with rocket propelled grenades and small arms breached the perimeter of the main U.S. Marine base in southern Afghanistan, following a rocket and mortar attack on the base that is shared with British forces.
Five aircraft were destroyed and three more damaged during an attack on Camp Bastion/Camp Leatherneck that also killed 16 Taliban, Friday, an International Security Assistance Force’s Joint Command spokesman told Fox News.
The base took indirect and small arms fire, causing major damage to buildings, an aircraft hangar.
The attack occurred on the same base where a burning man, largely assumed to be an Afghan suicide bomber targeted the plane of Defense Secretary Leon Panetta in March.
The base is a major military facility in the war-ravaged nation’s Helmand province.
Britain’s Prince Harry is stationed at the base with his Apache helicopter unit. Prince Harry, known to his unit as Captain Wales, recently arrived at Camp Bastion, according to information released last week by Buckingham Palace.
More…
Jim Sinclair’s Commentary
More on the Armada in the Strait of Hormuz.
Iran Watching as U.S. Military Launches Exercise in Strait of Hormuz By: Daniel Sagalyn
September 16, 2012 at 9:30 AM EDT
KUWAIT CITY, Kuwait | The United States, along with more than 27 other countries from four different continents, began Sunday the largest ever military exercise aimed at practicing how to find and destroy sea mines in the waters of the Middle East.
“This is about exercising capabilities that we want to exercise with our partners in the region,” said Pentagon spokesman George Littler this week.” Earlier this summer Little stressed that this training was not aimed at delivering a message to Iran.
However, with tensions heating up with Iran, and Israel threatening to bomb Iran’s nuclear facilities, a number of observers say the maneuvers at sea are aimed at Iran, and could be a dress rehearsal for war with the Islamic Republic.
U.S. Defense Department officials reject that characterization.
“I think it’s a signal to Iran,” countered Scott Truver, an expert on navy operations and mine warfare. “Despite the fact that the Department of Defense indicated that it’s not directed at Iran … it is sending a good signal to potential adversaries that we can deal with any threat that’s thrown at us, particularly if it’s the mine threat.”
More…
Jim Sinclair’s Commentary
Now these stop gaps are in over a trillion. Gold will go to and through $3500.
House approves stopgap $1.047 trillion spending bill Published September 13, 2012
WASHINGTON – Republican vice presidential candidate Paul Ryan on Thursday went along with a stopgap spending bill in the House that avoids a government shutdown but carries a price tag $19 billion higher than the budget he wrote in his role as a congressman.
Ryan, the top budget writer in the House, voted for a temporary spending bill that lets Congress keep government open for another six months. That allows lawmakers and President Barack Obama to put off dicey budget talks until after the Nov. 6 election.
Politics, though, were not far from Ryan’s first return to Congress since joining Mitt Romney’s presidential bid. He met informally behind closed doors with Republican lawmakers in what aides described as a meet-and-greet event.
The House chamber later erupted in a loud cheer — mostly from the Republican side — when Ryan entered the hall. Ryan held court in the rear of the chamber as back-slapping colleagues surrounded him. Among those congratulating him was the top Democrat on the House Budget Committee, Rep. Chris Van Hollen of Maryland, with whom Ryan has an adversarial but friendly relationship.
Ryan did not deliver remarks on the House floor ahead of the vote approving spending far greater than his budget outline.
More…
Dear CIGAs,
We are bullish on the Indian stock market, which in our view is underpriced and is a beneficiary of large foreign investment flows coming into the India investing firmament. India is under-owned among professional investors, and has become cheap as the Indian rupee has had a major decline over the past twelve months. We believe that the Indian rupee and Indian stocks will both rise as Indians purchase stocks to hedge against the rising inflation, and as foreigners buy stocks to benefit from the low valuations.
www.GuildInvestment.com
Dear Jim,
Here is a ‘snapshot’ of the US Dollar’s most recent decade. It is from the Fed. No one can claim they are ‘unaware’ of this information. Note the sharp reaction upon QEIII being announced. Bad idea to hold Dollars.
No matter how ‘high’ the stock markets seem to climb, it is a reflection of the diminishing purchasing power of the Greenback. Bad idea to have your Dollars invested there.
When Zimbabwe’s currency collapsed, many trillionaires were created on their stock market when it skyrocketed as the Zim$ tanked. They are all ‘el busto’ now.
Precious metals and commodities ‘not being money’ as Benny of the Fed said, are a different matter.
Fifteen of the twenty commodities tracked by Lloyds TSB have at least doubled since 2002.
Silver leads the list, UP 572% in ten years.
CIGA Richard S.
Gold is #2, UP 428% over the same decade.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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