Illinois Governor Furious After Pension Fund Cuts Returns Forecast, Sticking Taxpayers With "Crippling" Tax Hike
Japanese Government Squanders Pension Funds On Failed Stocks As Losses Reach $130 Billion In Past Year
And the ignorant sheeplez sleep...
The cartel hit gold hard again on Wednesday selling $1.5 BILLION is paper gold into the market in ONE MINUTE and as JS Mineset’s Bill Holter notes, “$1.5 Billion of gold is close to 2% of global production and to see that sold in one minute is laughable.”
Bill asks, “Who has that amount of gold to sell? And the answer of course is almost no one. And what trader would ever sell in that fashion? And the answer is no one wo would want to keep a job if they were selling for profit. So the sell was obviously to create price, a lower one.”
But as the bond market and rising LIBOR rates are telling us, the system is coming apart at the seams and the coming collapse will cause “our entire world to change.”
Congress, for some reason, has agreed to use U.S. Taxpayer money to bailout Puerto Rico. That’s mighty generous of Congress to use Citizens’ money for that, especially when most Congressmen have their money tax-sheltered in the Rothschild Trust Company in Reno. But it begs the question: Why is Puerto Rico even part of the United States?
An article in the Wall Street Journal reports that Puerto Rico’s pension fund is underfunded by $43 billion, which is on top of $70 billion in various forms of Government debt. Puerto Rico is an “unincorporated territory of the U.S., which means that it probably harbors a lot of U.S. money hiding from the IRS. That explains why Congress is using other people’s money to bailout their own money plus the money of those who fund Congressional seats.
COSMIQ WORKS, A FIRM CLOSELY ASSOCIATED WITH THE US INTELLIGENCE AGENCY, IS WORKING WITH THE ONLINE RETAIL GIANT AMAZON AND THE SATELLITE MAPPING FIRM DIGITALGLOBE TO TRAIN ALGORITHMS TO WORK OUT WHAT’S HAPPENING ON THE SURFACE OF OUR PLANET.
Satellites can already capture astonishingly detailed images from up in space, but the CIA-linked project wants to go one step further and use artificial intelligence to analyse these pictures.
The partners hope to collect 60 million satellite images and store them in a database called SpaceNet which will be open and accessible by members of the public.
Adjudicating GATA’s freedom-of-information claim against the Federal Reserve when he was a member of the Fed’s Borad of Governors in 2009, the author revealed that the Fed has secret gold swap arrangements with foreign banks —
— a business about which New York Fed President William Dudley refused to answer questions five months ago:
* * *
The Federal Reserve Needs New Thinking
Precious metal prices traded lower this week in lacklustre trading, until Wednesday, when someone sold 10,000 gold contracts on Comex.
Before that event, the silver price had been hit hard, though Open Interest remained stubbornly high. Gold fell $14 to $1324.5 over the week by early European trade this morning, and silver from $19.30 to $18.63.
It is possible that the 10,000 gold contract sale and the price action in gold and silver was connected with option expirations on Thursday. In silver, the target would have been to make the $19 calls expire worthless, while in gold the target was probably as low as $1300.