A few days ago, our report on
the discovery of a single 10 oz Tungsten-filled gold bar in
Manhattan's jewelry district promptly went viral, as it meant that a
tungsten-based, gold-counterfeiting operation, previously isolated
solely to the UK and Europe, had crossed the Atlantic. The good news was
that the counterfeiting case was isolated to just one 10 oz bar. This morning, the NYPost reports that
as had been expected, in the aftermath of the realization that the
sanctity of the gold inventory on 47th Street just off Fifth Avenue has
been polluted, and dealers promptly check the purity of their gold, at least ten more fake 10-ounce "gold bars" filled with Tungsten has been discovered.China Officially Warns Japan Not To Infringe Its Territorial Sovereignty; Japan Reciprocates
If yesterday it was the Middle East's turn to escalate, today it is the Far East, aka Pacific Rim, where China and Japan both remind the world nothing has been fixed in the diplomatic snafu between the two countries over a barren rock in the East China Sea. First, it was China, which on the front page of the biggest daily Xinhua, over the weekend, demanded that Japan immediately stop infringing upon its "territorial sovereignty. To wit: "China asked Japan to immediately stop all acts that harm China's territorial sovereignty, Foreign Ministry spokesman Hong Lei said late Saturday, after some Japanese landed on the Diaoyu Islands. Hong said the Japanese landed on the Diaoyu Islands Friday evening with the excuse of preventing Taiwanese activists from landing on the islets. "It is a severe infringement upon China's territorial sovereignty, and the Chinese government has lodged solemn representations and strong protests to the Japanese side," Hong said in a statement." Other headlines make it quite clear that it is in China's interest to stir populist anger at Japan instead of seeking an amicable resolution. What, however, was the most important article in today's Pacific Rim press is this one which has nothing to do with Japan, and everything to do with China's expanding zone of influence: "China's top security official on Saturday made a surprise visit to Afghanistan, the first time in 46 years that a Chinese leader set his foot on the soil of this landlocked Asian country."
According to Mario Draghi, OMT, or Outright Monetary Transactions, is a
program of conditional bond buying targeted at specific countries to
restore the perception of the euro’s “irreversibility” and “stability,”
and “repair a broken monetary policy transmission mechanism.” Once
launched, OMT has no ex ante limits, it is within the ECB’s
price stability mandate, and it can be halted or interrupted based on
achievement of its objectives or non-compliance with conditions imposed
upon the targeted national government.I would posit that OMT is much more than what the party line states. Here are some alternative interpretations for your consideration. I challenge you to refute the logic of any of them.
OMT is a Eurobond equivalent, targeted toward specific countries. Given that ECB holdings are joint and several backed by all of the National Central banks (NCB’s) that make up the European System of Central Banks (ESCB), any losses on these bond purchases would be distributed among the NCB’s according to their capital key. OMT would be a peculiar type of Eurobond, with some parallels to the discard red vs. blue Eurobond schema. Instead of being differentiated by levels of debt-to-GDP (greater or less than 60%), these bonds would be differentiated by country of issue. For example, if Spain enters this program, its bonds would now have the backing of the ECB, while Italy’s would not.
Read More @ TestosteronePit.com
The Next Industrial Revolution
Large,
centrally-directed systems are inherently fragile. Think of the human
body; a spontaneous, unexpected blow to the head can kill an otherwise
healthy creature; all the healthy cells and tissue in the legs, arms,
torso and so forth killed through dependency on the brain’s
functionality. Interdependent systems are only ever as strong as their
weakest critical link, and very often a critical link can fail through
nothing more than bad luck. Yet the human body does not exist in
isolation. Humans as a species are a decentralised network. Each
individual may be in himself or herself a fragile, interdependent
system, but the wider network of humanity is a robust independent
system. One group of humans may die in an avalanche or drown at sea,
but their death does not affect the survival of the wider population.
The human genome has survived plagues, volcanoes, hurricanes, asteroid
impacts and so on through its decentralisation.My Dear Friends,
You can be absolutely sure the 7 touches capping sells at $1775 were for the purpose of accumulation.
Our newly created trillionaire banksters will be long of cash gold in their own depositories.
Gold is going to $3500 and beyond much, much, much faster than it took to get to go above $1900.
If you think the major banksters are either short or flat on this gold move, you are seriously bonkers.
Regards,
Jim
Gold Seen Luring Wealthy as Central Bankers Expand Stimulus By Glenys Sim – Sep 21, 2012 4:00 PM GMT
More high-net-worth individuals are seeking to buy gold to protect their wealth from the risk of rising inflation after central banks boosted stimulus, according to Deutsche Bank AG’s asset and wealth-management unit.
“Gold has historically been considered to be a store of value and an inflation hedge and increasingly it is being utilized as a monetary instrument,” said Mark Smallwood, head of Asia-Pacific wealth-management solutions. “There is a growing interest among our clients to gain exposure,” he said, with an increased preference for physical holdings.
Gold is in the 12th year of a bull run, 13.5 percent higher this year, as investors seek to hedge against weaker currencies and the threat of rising consumer prices. Holdings in gold- backed exchange-traded products expanded to an all-time high yesterday, and Bank of America Corp. and Deutsche Bank are among banks forecasting that the price will rally to a record.
“With the movements by the central banks globally in the last few weeks, there is considerable investor concern as to the long-term effects of the liquidity infusions,” Smallwood said by phone from Guilin, China yesterday. “As a result of that, private clients are concerned about the possible future effects of inflation and the means of hedging that risk.”
Immediate-delivery gold reached $1,779.50 an ounce on Sept. 19, the highest price since February, after central banks took further steps to bolster their economies hurt by Europe’s debt crisis. The metal, which reached a record $1,921.15 on Sept. 6, 2011, gained 0.4 percent to $1,774.85 at 5:30 p.m. in Singapore.
More…
BTFD...Keep Stacking...
from Silver Doctors:
DFR writes:
My first investment out of college was Dell computer in early 90′s after its first split, and I’ve also hit the yahoo and etrade runs. My last really good investment was FRPT at 1.97 and it ran to 30.00. Not saying I always sold at the high but I came out pretty good.
I never felt the need or cause to invest in silver until about a year ago. The cause is this USA is goin nuckin futs- and I decided to hedge 40%. We could go into a diatribe about the collapse coming but we all know whats happening.
I’m not a rookie to market investing, but I am to silver. I completed several months of silver research and finally felt comfortable pulling the trigger when we hit the $20′s.
Of the research done prior to me buying, the short manipulation aspect was a concern. I accepted the risk reward of the naked shorting and the “raids” I am now seeing and experiencing firsthand. So be it… I’m in for the long haul now.
With that being said my question to all you experienced silver guys is… When a raid is conducted have you noticed a trend that news favorable for a spike in silver is forth coming or is the raid just a concerted random occurrence?
Thanks in advance, DFR
Read More @ Silver Doctors
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help 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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The Masters Of The Universe
Admin at Jim Rogers Blog - 2 hours ago
Every few decades throughout history, we've had periods when the financial
types were the masters of the universe, followed by decline, and then when
the drawers of water and the hewers of wood, the people who produce goods,
were the masters of the universe. - *in The Take Away*
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*
QE Only Helps The Rich People
Admin at Marc Faber Blog - 3 hours ago
QE helps rich people whose asset prices go up and whose net worth then
increases but it doesn’t flow to the man on the street who is faced with
higher costs of living with price rises. You just have a small economy that
is booming but the majority of the economy is damaged by QE. - *in CNBC*
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
from PeterSantilliTV:
Pete is back from the Euro Zone with special guest Susanne Posel and David Lory Vanderbeek.
Susanne Posel, of http://occupycorporatism.com, tells Pete she believes a false flag assassination attempt is in the works for President Obama that will change the course of the Nation and indeed the world.
As we get closer to the election we are seeing signs of the President being more and more vulnerable to such an attempt as depicted by the mainstream media. Be on the watch for a major false flag before the election.
She also explains that QE3 means the FED will soon be buying up 40 billion dollars a month in real property and will soon own enough of America to implement agenda 21.
David Lory Vanderbeek, Constitutional candidate for Nevada, comes on the show to tell Pete’s listeners about his new initiative to support the real constitutional movement and what you can do to help.
David and Pete cover real events happening in the world with their usual passionate disdain for the globalist plans to take over the world.
by Adam Taggart, Peak Prosperity:
Pete is back from the Euro Zone with special guest Susanne Posel and David Lory Vanderbeek.
Susanne Posel, of http://occupycorporatism.com, tells Pete she believes a false flag assassination attempt is in the works for President Obama that will change the course of the Nation and indeed the world.
As we get closer to the election we are seeing signs of the President being more and more vulnerable to such an attempt as depicted by the mainstream media. Be on the watch for a major false flag before the election.
She also explains that QE3 means the FED will soon be buying up 40 billion dollars a month in real property and will soon own enough of America to implement agenda 21.
David Lory Vanderbeek, Constitutional candidate for Nevada, comes on the show to tell Pete’s listeners about his new initiative to support the real constitutional movement and what you can do to help.
David and Pete cover real events happening in the world with their usual passionate disdain for the globalist plans to take over the world.
by Adam Taggart, Peak Prosperity:
by Staff Report, The Daily Bell:
The Daily Bell is pleased to present this exclusive interview with Rick Rule (left).
Introduction: Rick Rule, founder of Global Resource Investments, began his career in the securities business in 1974 and has been principally involved in natural resource security investments ever since. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. Rule’s company has built a national reputation for its specialist expertise in taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.
Daily Bell: Thanks for spending some time with us. Let’s revisit and update some questions from previous interviews with you. Provide readers with a bit of background. You began as a broker. When did you go out on your own and why?
Rick Rule: I guess I really and truly went out on my own in 1991 when I formed my own brokerage firm, which was called Global Resource Investments. To avoid liable and slander charges, I won’t talk about all the experiences that lead me to believe that I could only trust my clients to myself rather than to other firms. It suffices to say, I decided I could serve my clients better on my own than in any other prior arrangements I had with financial services providers.
Read More @ TheDailyBell.com
The Daily Bell is pleased to present this exclusive interview with Rick Rule (left).Introduction: Rick Rule, founder of Global Resource Investments, began his career in the securities business in 1974 and has been principally involved in natural resource security investments ever since. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. Rule’s company has built a national reputation for its specialist expertise in taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.
Daily Bell: Thanks for spending some time with us. Let’s revisit and update some questions from previous interviews with you. Provide readers with a bit of background. You began as a broker. When did you go out on your own and why?
Rick Rule: I guess I really and truly went out on my own in 1991 when I formed my own brokerage firm, which was called Global Resource Investments. To avoid liable and slander charges, I won’t talk about all the experiences that lead me to believe that I could only trust my clients to myself rather than to other firms. It suffices to say, I decided I could serve my clients better on my own than in any other prior arrangements I had with financial services providers.
Read More @ TheDailyBell.com
from, Truth Dig:
Journalist Michael Tracey was disheartened on the final night of the
Democratic National Convention in Charlotte, N.C., where an arena full
of liberals joined Vice President Joe Biden in cheering the extralegal
killing of Osama bin Laden. Tracey sought the counsel of New York Times
columnist David Brooks, the Rev. Jesse Jackson and Reps. Dennis Kucinich
and Barney Frank.
What did these politicians and pundits think about the overt display of warmongering from the Democratic Party, Tracey asked them.
American belligerence must end, Jackson told Tracey, “but at the same time, we are at war.” David Brooks shared “a little” of the reporter’s “revulsion.” Frank couldn’t explain why delegates of Ron Paul, the anti-war libertarian Republican legislator who is known for his opposition to America’s “very violent culture” and “police violence,” and who is due to leave office at the end of this year, were so reviled by Paul’s rejection of U.S. wars at the Republican National Convention. Frank acknowledged that he was “no abnormal psychiatrist!”
Read More @ TruthDig.com
Journalist Michael Tracey was disheartened on the final night of the
Democratic National Convention in Charlotte, N.C., where an arena full
of liberals joined Vice President Joe Biden in cheering the extralegal
killing of Osama bin Laden. Tracey sought the counsel of New York Times
columnist David Brooks, the Rev. Jesse Jackson and Reps. Dennis Kucinich
and Barney Frank.What did these politicians and pundits think about the overt display of warmongering from the Democratic Party, Tracey asked them.
American belligerence must end, Jackson told Tracey, “but at the same time, we are at war.” David Brooks shared “a little” of the reporter’s “revulsion.” Frank couldn’t explain why delegates of Ron Paul, the anti-war libertarian Republican legislator who is known for his opposition to America’s “very violent culture” and “police violence,” and who is due to leave office at the end of this year, were so reviled by Paul’s rejection of U.S. wars at the Republican National Convention. Frank acknowledged that he was “no abnormal psychiatrist!”
Read More @ TruthDig.com
by Stephen Lendman, SJLendman.Blogspot.com:
Now you see it. Now you don’t. QE III is the Fed’s latest scam. A
previous article quoted PIMCO’s Bill Gross. He called it money printing
“till the cows come home.”
Doing it won’t resolve festering economic problems. They’re getting worse while Bernanke, the ECB, Bank of England, Bank of Japan, Congress, Obama, and like-minded world leaders fiddle.
After crisis conditions erupted in fall 2007, one scam followed another. Occupy Wall Street is right. “Banks got bailed out. We got sold out.” It hasn’t stopped and won’t until either people rebel or the whole house of cards Greenspan/Bernanke built collapses.
Helicopter Ben operates by Abraham Maslow’s maxim that “if the only tool you have is a hammer, every problem looks like a nail.”
Hammering all day won’t help. He’s buying time. Little else. An eventual day of reckoning looms. The longer it’s delayed, the greater the collapse when it comes.
It’s not if, just when. Bad policy assures bad results. It’s not rocket science. It’s simple truth.
Read More @ SJLendman.Blogspot.com
Now you see it. Now you don’t. QE III is the Fed’s latest scam. A
previous article quoted PIMCO’s Bill Gross. He called it money printing
“till the cows come home.”Doing it won’t resolve festering economic problems. They’re getting worse while Bernanke, the ECB, Bank of England, Bank of Japan, Congress, Obama, and like-minded world leaders fiddle.
After crisis conditions erupted in fall 2007, one scam followed another. Occupy Wall Street is right. “Banks got bailed out. We got sold out.” It hasn’t stopped and won’t until either people rebel or the whole house of cards Greenspan/Bernanke built collapses.
Helicopter Ben operates by Abraham Maslow’s maxim that “if the only tool you have is a hammer, every problem looks like a nail.”
Hammering all day won’t help. He’s buying time. Little else. An eventual day of reckoning looms. The longer it’s delayed, the greater the collapse when it comes.
It’s not if, just when. Bad policy assures bad results. It’s not rocket science. It’s simple truth.
Read More @ SJLendman.Blogspot.com
from Zero Hedge:
If anyone thought the bad blood between Germany and the rest of the
insolvent proletariat, aka the part of the Eurozone which is out of
money (most of it), and which has been now confirmed will be supporting Obama (one
wonders what the quid for that particular quo is, although we are
certain we will find out as soon as December), complete collapse of the
Greek neo-vassal state of the globalist agenda notwithstanding, had
gone away, here comes former ECB chief economist Juergen Stark to
dispel such illusions. In an interview with Austrian Die Presse,
the former banker said what everyone without a PhD understands quite
well: “The break came in 2010. Until then everything went well…”Then the ECB began to take on a new role, to fall into panic….
Together with other central banks, the ECB is flooding the market,
posing the question not only about how the ECB will get its money back,
but also how the excess liquidity created can be absorbed globally. “It
can’t be solved by pressing a button. If the global economy
stabilises, the potential for inflation has grown enormously… It gave
in to outside pressure … pressure from outside Europe” Why, whichever bank headquartered at 200 West, NY, NY might he be referring to?
Read More @ ZeroHedge.com
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You).
Donations will help defray the operational costs. Paypal, a leading provider of secure
online money transfers, will handle the donations. Thank you for your
contribution.
If anyone thought the bad blood between Germany and the rest of the
insolvent proletariat, aka the part of the Eurozone which is out of
money (most of it), and which has been now confirmed will be supporting Obama (one
wonders what the quid for that particular quo is, although we are
certain we will find out as soon as December), complete collapse of the
Greek neo-vassal state of the globalist agenda notwithstanding, had
gone away, here comes former ECB chief economist Juergen Stark to
dispel such illusions. In an interview with Austrian Die Presse,
the former banker said what everyone without a PhD understands quite
well: “The break came in 2010. Until then everything went well…”Then the ECB began to take on a new role, to fall into panic….
Together with other central banks, the ECB is flooding the market,
posing the question not only about how the ECB will get its money back,
but also how the excess liquidity created can be absorbed globally. “It
can’t be solved by pressing a button. If the global economy
stabilises, the potential for inflation has grown enormously… It gave
in to outside pressure … pressure from outside Europe” Why, whichever bank headquartered at 200 West, NY, NY might he be referring to?Read More @ ZeroHedge.com
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