Submitted by Tyler Durden on 09/12/2015 - 14:54 Over the past several years, incidents involving fake gold (usually in the form of gold-plated tungsten) have emerged every so often, usually involving Manhattan's jewerly district, some of Europe's bigger gold foundries, or the occasional billion dealer. But never was fake gold actually discovered in the form monetary gold, held by a bank as reserve capital and designed to fool bank regulators of a bank's true financial state. This changed on Friday when Russia's "Admiralty" Bank, which had its banking license revoked last week by Russia's central bank, was reportedly using gold-plated metal as part of its "gold reserves."
Submitted by Tyler Durden on 09/12/2015 - 13:15 When a digital dickweed exposes the reality "the equity markets are broken," it can be shrugged off as the rantings of a kid in his mom's basement.
WeTheSheeplez will never do the right thing at the right time...Both Banker Bastards and Governments depend on the Sheeplez's Ignorance...
Submitted by Tyler Durden on 09/12/2015 - 09:34 The Chinese economy will soon move into contraction, its leaders will panic and jump in with both feet. Fiscal and monetary stimulus, bail-outs, more political control, increased use of censorship, talk about patriotic duty and who know what else. What we do know is that it will look like this...
From Washington to the western media, everyone has been talking about reports of potential Russian ‘intervention’ in Syria. On the one hand, the proliferation of this meme is a case study in the western propaganda system, as one report is then repeated ad nauseam from thousands of sources, then built upon by subsequent reports, thereby manufacturing the irrefutable truth from the perspective of media pundits and western mouthpieces. On the other hand, the new reports also raise some interesting questions about the motives of both the US and Russia, as well as the other interested parties to the conflict in Syria.
In examining this new chapter of the ongoing war in Syria, two critical and interrelated points seem to rise above all others in importance: Why is the western media hyping this narrative of Russian intervention? And why is direct Russian involvement, limited though it may be, seen as such a threat by the US?
We’re in the moment right now where this is coming to a head. That’s why we’ve seen this activity to the downside in markets and that’s why we see these 500 – 1,000 point intraday swings in markets. Those are all signs of turning from this artificially stimulated bull market into a bear market…
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Submitted by Tyler Durden on 09/12/2015 - 14:25 So far, it’s a different type of crisis – market tumult in the face of global QE, in the face of ultra-low interest rates and the perception of a concerted global central bank liquidity backstop. It’s the kind of crisis that’s so far been able to achieve a decent head of steam without causing much angst. And it’s difficult to interpret this bullishly. If Brazil goes into a tailspin, it will likely pull down Latin American neighbors, along with vulnerable Indonesia, Malaysia, Turkey and others. And then a full-fledged “risk off” de-risking/de-leveraging would have far-reaching ramifications, perhaps even dislocation and a collapse of the currency peg in China. China does have a number of major trading partners in trouble. Hard for me to believe the sophisticated players aren’t planning on slashing risk.
I absolutely love Holter’s perception on JSMineset.com yesterday. Our current dilemma couldn’t be put into more simpler terms. So simple, I’ll wager it passed over everyone’s head! Holter is brilliant in his simplicity.
“Can the Fed really raise rates? Do they have the ability to “buy” everything that will be sold? How will they “buy” dollars themselves? Can they buy homecoming dollars using new dollars? Everything will need to be supported and nothing can be allowed to fall.”
“How will they “buy” dollars themselves? Can they buy homecoming dollars using new dollars?”
An interesting comment of GREAT importance! I can’t overemphasize this.
I often wonder how many people in the world have ever given this comment a second thought? It’s a major obstacle to currency stabilization.
What will the government use to purchase excess dollars, if and when they are dumped? You obviously can’t print and use dollars to buy dollars. Duh!
There are only 3 possibilities I can think of:
1. You can only use any foreign currency reserves that you hold (not much in a country that imports more than it exports).
2. Or you must use gold (good luck finding that stash at Fort Knox).
3. Or you can try to stem the tide of selling by raising interest rates sky high! (however, check with the Bank of England and see how well it worked for them! Remember, they raised rates over 5% to a 15% level within hours, fighting the Quantum Fund’s attack on the Sterling. To no avail.)
· Raising US interest rates won’t do,
· I sincerely doubt we have that much gold, if any at all!
· Our foreign currencies are limited and dwindling in this economic environment.
Perhaps another win/win play by Soros and Rogers’ Quantum Fund?
CIGA Wolfgang Rech
The world’s problem in a microcosm!
The derivatives problem and ALL of the credit problems exist because there is simply NOT ENOUGH MONEY TO SETTLE all the trades …so they must create more. Money today is created by the creation of new credit …in a world where debt saturation has already occurred! They MUST create more “money” but cannot carry more debt… That is the problem in a very targeted nutshell!
Submitted by Tyler Durden on 09/12/2015 - 10:09 "The story that (Aylan's father) told is untrue. I don't know what made him lie, maybe fear. He was the one driving the boat right from the start. When they set off five minutes in he was looking left and right, worried, then he was speeding. Even his wife was screaming at him to slow down." Iraq-based Zainab Abbas, via her Sydney-based cousin Lara Tahseen, told Ten News she paid $10,000 for the voyage.
Submitted by Tyler Durden on 09/12/2015 - 13:52 A “policy error” rate hike might well result in positive correlations among equities, commodities and bonds, due to a combination of risk off and higher rates. In this case it is not entirely clear how risk-parity funds would rebalance: A potential candidate for inflows would be currencies, and in particular the dollar. This would only put additional upward pressure on the dollar, reinforcing the “policy error” nature of the hike.
Submitted by Tyler Durden on 09/12/2015 - 12:30 Europe has complex immigration rules. But, as the recent influx of refugees and economic migrants has shown, the EU government is able to flex its muscle in an ad hoc fashion in the service of compelling member states to accept the migrants and refugees. Ultimately, however, the imposed "solutions" to the migrant and refugee crisis may be a signal to many members that the EU isn't quite what they thought it was.
Submitted by Tyler Durden on 09/12/2015 - 11:45 "The shale sector is now being financially stress-tested, exposing shale’s dirty secret: many shale producers depend on capital market injections to fund ongoing activity because they have thus far greatly outspent cash flow."
Submitted by Tyler Durden on 09/12/2015 - 11:02 Every year, “NEVER FORGET” echoes through the neighborhoods, cities, and Facebook statuses of America. 14 years after 9/11, Americans still bear the cross of a nation victimized and scorned after the brutal attacks on the World Trade Center in 2001. While Americans — and politicians who are still intent on capitalizing on the tragedy — vow never to forget the fateful day, far too many citizens forget the liberties they have relinquished as a result. Lest yesterday’s valiantly waving flags, government ceremonies, and TV news specials replaying the plane crashes coax you into forgetting, these nine essential freedoms have been usurped since 9/11
I wouldn’t say that it is “never too late” to prepare for potential disaster because, obviously, the numerous economic and social catastrophes of the past have proven otherwise. There simply comes a point in time in which the ignorant and presumptive are indeed officially screwed. I will say that we have not quite come to that point yet here in the U.S., but the window of opportunity for preparation is growing very narrow.
As expected, U.S. stocks are now revealing the underlying instability of our economy, which has been festering for several years. Extreme volatility not seen since 2008/2009 has returned, sometimes with 1000 point fluctuations positive and negative in the span of only a couple days. Current market tremors are beginning to resemble the EKG of a patient suffering a heart attack.
“A general Dissolution of the Principles and Manners will more surely overthrow the Liberties of America than the whole Force of the Common Enemy.” -Samuel Adams
This past week has brought in a wave of purposed lies from this criminal administration only to establish that which is unconstitutional, as well as illegal. Obama’s spokesliar, Josh Earnest, erroneously claimed the “Rule of Law” in support of Rowan County Clerk Kim Davis being jailed for contempt by a Nazi-like judge appointed by George W. Bush.
“I will just say on principle that the success of our democracy depends on the rule of law and there is no public official that is above the law,” Earnest said. “Certainly, not the President of the United States. But neither is the Rowan County clerk. That’s a principle that is enshrined in our Constitution and in our democracy.”
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the great un-banking movement as more people choose not to “buy in” when the banking system seems rigged against them. In the second half, Max interviews investment banker Ned Naylor Leyland about the latest in yuppie gold pools and pet rocks.
1. 5 MILLION oz Retail Silver BACKLOG
Morgan Breaks Down Physical Market: Shortage in the Wholesale Market, or Just in Retail?
2. At What Point Does the Retail Market Put Stress on the 1000 oz Bar Market?
3. Funds Attempting to Trigger $1070 Stops, Send Gold Towards 3 Figures
4. Closer to the Edge of the Cliff- “At Some Point, Something’s Going to Give!”
5. Shemitah Week is HERE: Is the BIG ONE on the doorstep? Eric and David weigh in
Off the grid living is something we all dream about, but only a few of us have the courage to actually do it. We love our convenient lifestyles and we cherish our electrical appliances that make life easier. Living off the grid means living off the public utilities and becoming self-sufficient. The tricky part is that nobody will tell you what it all implies in the end.
Living off the grid is not a primitive living as most people imagine and it certainly doesn’t mean you have to lower your living standards. In fact, to go off the grid has many advantages and if you managed to stay strong in the beginning, you will benefit from living off the grid in the long run.
Here are just a few benefits of going off the grid:
Truth Never Told:
Today Nomi Prins, the keynote speaker who recently addressed the Federal Reserve, IMF and the World Bank, warned King World News about the greatest danger to the global financial system.
Nomi Prins: “We’ve never been in a situation in the modern financial era where we have these external actors, these central banks, overstep their mandates in such a dramatic fashion and continue to do so…
“We’ve always had power coming from the private banking system, from Wall Street, the major banks in Europe and so forth. But now what we have in addition to that is these central banks that have propelled both the subsidies to the private banking system, but also their own entry into the financial system in ways that are uncharted and unprecedented.
In the near future, the Russian Navy may receive a large and powerful destroyer. The main objective of such a vessel will be to create an “umbrella” above the sea. The project of the Russian destroyer is known as the “Leader” (Project 23560). According to experts’ estimates, it will be the largest, most expensive and state-of-the-art Russian vessel since 1989.
During the times of WWI and WWII, destroyers were not used to attack enemy fleet. Destroyers proved to be universal vessels instead. As soon as radars and missiles appeared, destroyer vessels were the first to carry them on board. Soviet destroyers turned into large antisubmarine ships, whereas US destroyers were the ships with guided missiles on board.
Dow down 239 points yesterday – or 1.5% – after Japan posted its biggest one-day gain in seven years. This is getting interesting again. If it is just “volatility,” as Wall Street’s shills in the press maintain, it will probably pass soon. Everything will be okay. Back to routine imbecility before the end of the month.
But if these whipsaw movements are heralding a bear market, U.S. stock prices could be cut in half… or more. And they may not recover for 10 to 20 years. (Catch up on the details of our bear market forecast here.)
Which is it? Bull or Bear? No one knows, of course. But it looks to us as though the whole shebang is getting ready to collapse. So far, the correction has trimmed $12.5 trillion off the value of global stock markets. There are a few reasons for stocks to go back up… and many reasons why they might want to go down further.
The story of the Dancing Israelis remains one of the most controversial and explosive untold stories of Sept. 11, 2001. Previous efforts to analyze this aspect of 9/11 have been mostly emotive OpEds and conspiratorial rants – until now. Writer Greg Fernandez presents some new declassified FBI material as part of a newly compiled and highly detailed account of this chilling chapter in the 21st century’s most iconic event.
It only took only a few hours for the Twin Towers to fall to the ground on September 11th, 2001. Later that same day, World Trade Center building 7 became the third tallest building in the world to implode into its own footprint, allegedly from ‘fire.’ Additionally, to date there is still no evidence of commercial airline wreckage proving that Flight 77 hit the Pentagon, even though authorities maintain that they have the attack on film.