by Katy Barnato, CNBC:
As gold prices hit a 2012 record of $1,787.40 per ounce on Friday,
Bank of America Merrill Lynch analysts said the precious metal could
soar to $3,000 or even $5,000 over the longer-term.“We will be focusing in on gold. Ultimately we think gold can trade between $3,000 and $5,000 an ounce going forward,” MacNeil Curry, head of foreign-exchange and rates technical strategy at BAML, told CNBC’s “Worldwide Exchange.”
“Certainly not within the next few months, but on a long-term basis we are on a well-defined uptrend, and we have got more to run before that runs its course.”
Read More @ CNBC
Paul
Volcker, the former Federal Reserve chairman credited with taming the
inflationary threat of the 1970s, has warned that further quantitative
easing will fail to repair economies in Europe and the US.
by Helia Ebrahimi, The Telegraph:
Mr Volcker, addressing a conference at Gleneagles in Scotland, said
the decision by the Fed to begin a third round of asset buying —
nicknamed QE3 — amounted to the “most extreme easing of monetary policy”
he could recall. Mr Volcker’s comments came as the World Trade
Organisation intensified the economic gloom by slashing its global
growth forecasts.
The organisation said it expected the world economy to grow 2.5pc this year, from a previous 3.7pc forecast, while growth in 2013 would slow from a previous estimate of 5.6pc to 4.5pc.
Although not explicitly directed at Fed chairman Ben Bernanke, Mr Volcker’s words will be seen as a veiled criticism of the limitations of the current strategy being employed by the Federal Reserve.
Read More @ Telegraph.co.uk
by Helia Ebrahimi, The Telegraph:
Mr Volcker, addressing a conference at Gleneagles in Scotland, said
the decision by the Fed to begin a third round of asset buying —
nicknamed QE3 — amounted to the “most extreme easing of monetary policy”
he could recall. Mr Volcker’s comments came as the World Trade
Organisation intensified the economic gloom by slashing its global
growth forecasts.The organisation said it expected the world economy to grow 2.5pc this year, from a previous 3.7pc forecast, while growth in 2013 would slow from a previous estimate of 5.6pc to 4.5pc.
Although not explicitly directed at Fed chairman Ben Bernanke, Mr Volcker’s words will be seen as a veiled criticism of the limitations of the current strategy being employed by the Federal Reserve.
Read More @ Telegraph.co.uk
by Jim Sinclair, JS Mineset:
My Dear Extended Family,
The final end game of QE3 to infinity, with a month or two off from time to time, will be a product of the long term viability of the Federal Reserve Balance sheet and the impact on the dollar there from.
Let’s review what has transpired and begin to look at what will happen:
1. OTC derivative manufacturers and distributors sold fraudulent paper to almost every entity as clients of the Western world financial system. Inherently the OTC derivatives manufacturers and distributors had part of the transaction on their books. No problem as long as the entire scam was a “Daisy Chain,” a connected set of transactions that has the appearance of risk but when all netted out equals almost zero.
Read More @ JS Mineset
My Dear Extended Family,The final end game of QE3 to infinity, with a month or two off from time to time, will be a product of the long term viability of the Federal Reserve Balance sheet and the impact on the dollar there from.
Let’s review what has transpired and begin to look at what will happen:
1. OTC derivative manufacturers and distributors sold fraudulent paper to almost every entity as clients of the Western world financial system. Inherently the OTC derivatives manufacturers and distributors had part of the transaction on their books. No problem as long as the entire scam was a “Daisy Chain,” a connected set of transactions that has the appearance of risk but when all netted out equals almost zero.
Read More @ JS Mineset
by Frank E. Holmes, MoneyMorning:
With another syringe of quantitative easing being injected into the U.S. economy’s bloodstream, Ben Bernanke is giving the markets their liquidity fix.
The Federal Reserve’s action reaffirmed the stance I’ve reiterated on several occasions that the governments across developed markets have no fiscal discipline, opting for ultra-easy monetary policies to stimulate growth instead.
The government’s liquidity shot promptly boosted gold prices and gold stocks, as investors sought the protection of the precious metal as a real store of value.
In fact, since the beginning of 1984, as money supply has risen, so has the price of gold.
The dollar declined due to the Fed’s easing, which isn’t surprising, given the fact that gold and the greenback are often inversely correlated, and increasing money supply generally causes the currency to fall in value.
Read More @ MoneyMorning.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.
With another syringe of quantitative easing being injected into the U.S. economy’s bloodstream, Ben Bernanke is giving the markets their liquidity fix.
The Federal Reserve’s action reaffirmed the stance I’ve reiterated on several occasions that the governments across developed markets have no fiscal discipline, opting for ultra-easy monetary policies to stimulate growth instead.
The government’s liquidity shot promptly boosted gold prices and gold stocks, as investors sought the protection of the precious metal as a real store of value.
In fact, since the beginning of 1984, as money supply has risen, so has the price of gold.
The dollar declined due to the Fed’s easing, which isn’t surprising, given the fact that gold and the greenback are often inversely correlated, and increasing money supply generally causes the currency to fall in value.
Read More @ MoneyMorning.com
Two
presentations by well-known gold analysts in London yesterday both came
to remarkably similar conclusions as to where the yellow metal’s price
is headed. Substantially upwards.
by Lawrence Williams, MineWeb.com
Yesterday’s Mining Journal Gold Day in London differed from the norm in that as well as seeing presentations for a few companies it started with two keynote presentation on gold and the gold price by Ross Norman of Sharps Pixley and Charles Gibson of Edison Research and while both approached the subject from slightly differing angles their ultimate conclusions on where the gold price is headed were remarkably similar.
Ross Norman was the first to speak and looked at the long term pattern of gold price appreciation having been driven initially by fundamentals, but latterly by the global economy – but also concluded that on the patterns shown by other bull markets the current gold bull could have some way to run yet which would likely see the gold price rise to unprecedented levels, but at the moment very much driven by the huge increases in U.S. monetary supply to which the rising gold price bears a very strong relationship. With Europe and now Japan following a similar path this is not just a U.S. phenomenon.
Read More @ MineWeb.com
by Lawrence Williams, MineWeb.com
Yesterday’s Mining Journal Gold Day in London differed from the norm in that as well as seeing presentations for a few companies it started with two keynote presentation on gold and the gold price by Ross Norman of Sharps Pixley and Charles Gibson of Edison Research and while both approached the subject from slightly differing angles their ultimate conclusions on where the gold price is headed were remarkably similar.
Ross Norman was the first to speak and looked at the long term pattern of gold price appreciation having been driven initially by fundamentals, but latterly by the global economy – but also concluded that on the patterns shown by other bull markets the current gold bull could have some way to run yet which would likely see the gold price rise to unprecedented levels, but at the moment very much driven by the huge increases in U.S. monetary supply to which the rising gold price bears a very strong relationship. With Europe and now Japan following a similar path this is not just a U.S. phenomenon.
Read More @ MineWeb.com
by Allen Sykora, Kitco:
Gold might be due for some kind of a correction after the recent run
higher, yet the macroeconomic backdrop is as supportive for the metal as
ever for those taking a longer-term approach to investing, said Jeff
Clark, senior precious-metals analyst with Casey Research.
He described current conditions as a good time to be “overweight” in gold and silver investments.
“If there is ever a time when someone needed to have meaningful exposure to gold and silver, this would be it,” he said in an interview with Kitco News. “We have runaway debt. We have all of these money-printing schemes. We have massive deficit spending. All of these things are highly inflationary and we have not experienced that fallout from those things yet.
“It’s going to come. You cannot escape the consequences.”
Read More @ Kitco.com
Gold might be due for some kind of a correction after the recent run
higher, yet the macroeconomic backdrop is as supportive for the metal as
ever for those taking a longer-term approach to investing, said Jeff
Clark, senior precious-metals analyst with Casey Research.He described current conditions as a good time to be “overweight” in gold and silver investments.
“If there is ever a time when someone needed to have meaningful exposure to gold and silver, this would be it,” he said in an interview with Kitco News. “We have runaway debt. We have all of these money-printing schemes. We have massive deficit spending. All of these things are highly inflationary and we have not experienced that fallout from those things yet.
“It’s going to come. You cannot escape the consequences.”
Read More @ Kitco.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.
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[Ed. Note:
It's taking MORE cartel paper & more blatant criminality to hold
silver down, and it's doing less damage than in the past = WE ARE
WINNING.]
from Silver Doctors:
After silver exploded through $35 on this today’s COMEX open, we wrote this morning that should silver hold $35 through today’s weekly close, the metal would quickly run to $37-$37.50 early next week as a massive short squeeze developed.
The cartel understood the predicament they were in, and responded with a massive paper dump on the market to stuff price back below $35.
Between 10:35 and 10:50am EST, an astonishing 62.5 million ounces of paper silver were indiscriminately dumped on the market to induce the sell-off- nearly twice US annual silver production of 36 million ounces!!
Read More @ Silver Doctors
from Silver Doctors:
After silver exploded through $35 on this today’s COMEX open, we wrote this morning that should silver hold $35 through today’s weekly close, the metal would quickly run to $37-$37.50 early next week as a massive short squeeze developed. The cartel understood the predicament they were in, and responded with a massive paper dump on the market to stuff price back below $35.
Between 10:35 and 10:50am EST, an astonishing 62.5 million ounces of paper silver were indiscriminately dumped on the market to induce the sell-off- nearly twice US annual silver production of 36 million ounces!!
Read More @ Silver Doctors
Take the Test to See If You Might Be Considered a “Potential Terrorist” By Government Officials
09/21/2012 - 17:15
We're Entering Another Economic Collapse... Right As Inflation Hits LIft Off! 
09/21/2012 - 19:53
Ron Paul or NO VOTE in November...
from RonPaulCC2012 :
by Ethan A. Huff, Natural News:
The latest campaign finance disclosure records released by California’s Secretary of State reveal that the most evil corporation in the world, Monsanto, has forked over another $2.89 million to kill Proposition 37, the historic bill that, if passed, will require genetically-modified (GM) foods and food ingredients to be labeled at the retail level in California.
Combined with its other recent contributions of more than $4.2 million (http://www.naturalnews.com), Monsanto has now officially shelled out a total of more than $7.1 million to prevent consumers from knowing the truth about what is really contained in the foods they buy.
Read More @ NaturalNews.com
The latest campaign finance disclosure records released by California’s Secretary of State reveal that the most evil corporation in the world, Monsanto, has forked over another $2.89 million to kill Proposition 37, the historic bill that, if passed, will require genetically-modified (GM) foods and food ingredients to be labeled at the retail level in California.
Combined with its other recent contributions of more than $4.2 million (http://www.naturalnews.com), Monsanto has now officially shelled out a total of more than $7.1 million to prevent consumers from knowing the truth about what is really contained in the foods they buy.
Read More @ NaturalNews.com
[Ed. Note: OK, so let's get this straight: The poor little drug money laundering, terrorist supporting, criminal banks
are now the target of cyber attacks coming from Iran, a country
surrounded by more than 40 U.S. military bases and dozens of U.S. war
ships. Here's the deal: When all of your money disappears into the
criminal banking black hole, they're going to tell you it was all Iran's
fault. Remember that.]
by Jim Finkle and Rick Rothacker, Reuters:
Iranian hackers have repeatedly attacked Bank of America Corp (BA.N), JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N)
over the past year, as part of a broad cyber campaign targeting the
United States, according to people familiar with the situation.
The attacks, which began in late 2011 and escalated this year, have primarily been “denial of service” campaigns that disrupted the banks’ websites and corporate networks by overwhelming them with incoming web traffic, said the sources.
Whether the hackers have been able to inflict more serious damage on computer networks or steal critical data is not yet known. The sources said there was evidence suggesting the hackers targeted the banks in retaliation for their enforcement of Western economic sanctions against Iran.
Iran has beefed up its cyber capabilities after its nuclear program was damaged in 2010 by the Stuxnet virus, widely believed to have been developed by the United States. Tehran has publicly advertised its intentions to build a cyber army and encouraged private citizens to hack against Western countries.
Read More @ Reuters.com
by Jim Finkle and Rick Rothacker, Reuters:
Iranian hackers have repeatedly attacked Bank of America Corp (BA.N), JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N)
over the past year, as part of a broad cyber campaign targeting the
United States, according to people familiar with the situation.The attacks, which began in late 2011 and escalated this year, have primarily been “denial of service” campaigns that disrupted the banks’ websites and corporate networks by overwhelming them with incoming web traffic, said the sources.
Whether the hackers have been able to inflict more serious damage on computer networks or steal critical data is not yet known. The sources said there was evidence suggesting the hackers targeted the banks in retaliation for their enforcement of Western economic sanctions against Iran.
Iran has beefed up its cyber capabilities after its nuclear program was damaged in 2010 by the Stuxnet virus, widely believed to have been developed by the United States. Tehran has publicly advertised its intentions to build a cyber army and encouraged private citizens to hack against Western countries.
Read More @ Reuters.com
[Ed. Note: As we reported earlier today,
the mainstream media in collusion with the criminal international banks
will take us into yet another war based on LIES, if we allow them to.]
by Kurt Nimmo, Infowars:
In a follow-up to a story posted on the neocon website FreeBeacon.com edited by Washington Post scribe Bill Gertz, NBC reports that national security officials believe Iran is responsible for cyber attacks on the commercial websites of JPMorgan Chase and Bank of America.
“One of those sources said the claim by hackers that the attacks were prompted by the online video mocking the Prophet Muhammad is just a cover story,” NBC reports.
The attacks arrive as the Obama administration is preparing to issue an executive order after the Lieberman-Collins Cyber-security bill failed to pass in the Senate. Obama’s press secretary, Jay Carney, said “the President is determined to do absolutely everything we can to better protect our nation against today’s cyber threats and we will do that” despite the will of the American people.
On Tuesday, a message posted on Pastebin by purported Muslim hackers took responsibility for the cyber attacks. “Muslims must do whatever is necessary to stop spreading this movie,” the message stated. “We will attack them for this insult with all we have. All the Muslim youths who are active in the Cyber world will attack to American and Zionist Web bases as much as needed such that they say that they are sorry about that insult.”
Read More @ Infowars
by Kurt Nimmo, Infowars:
In a follow-up to a story posted on the neocon website FreeBeacon.com edited by Washington Post scribe Bill Gertz, NBC reports that national security officials believe Iran is responsible for cyber attacks on the commercial websites of JPMorgan Chase and Bank of America.
“One of those sources said the claim by hackers that the attacks were prompted by the online video mocking the Prophet Muhammad is just a cover story,” NBC reports.
The attacks arrive as the Obama administration is preparing to issue an executive order after the Lieberman-Collins Cyber-security bill failed to pass in the Senate. Obama’s press secretary, Jay Carney, said “the President is determined to do absolutely everything we can to better protect our nation against today’s cyber threats and we will do that” despite the will of the American people.
On Tuesday, a message posted on Pastebin by purported Muslim hackers took responsibility for the cyber attacks. “Muslims must do whatever is necessary to stop spreading this movie,” the message stated. “We will attack them for this insult with all we have. All the Muslim youths who are active in the Cyber world will attack to American and Zionist Web bases as much as needed such that they say that they are sorry about that insult.”
Read More @ Infowars
from Gold Money News:
GoldMoney’s James Turk interviews Félix Moreno de la Cova, who is a studied economist, trader and GoldMoney contributor. They talk about the dire economic outlook for Spain and the country’s fiscal difficulties.
from BirtherReportDotCom :
GoldMoney’s James Turk interviews Félix Moreno de la Cova, who is a studied economist, trader and GoldMoney contributor. They talk about the dire economic outlook for Spain and the country’s fiscal difficulties.
from BirtherReportDotCom :
from TruthNeverTold :
from Capital Account:
Now that the Fed has announced QE3 and Japan announced QE 8, Brazil is threatening defensive measures and bringing talk of Currency wars back, according to multiple press reports. Brazil’s finance minister coined the term ‘Currency Wars’ two years ago as governments battled to lower exchange rates to boost competiveness. We talk to David Stockman, former director of the Office for Management and Budget during the Reagan administration, about the malignant effects of Federal Reserve policy and the lack of market-set interest rates!
Our guest, David Stockman, author of “The Triumph of Politics,” recently had some choice words Federal Reserve, stating:”The Fed (and the lunatics that run it) are telling the whole world untruths about the cost of money and the price of risk.” We talk to him about monetary policy, taxes, sound money, and more.
Plus, the U.S. Senate panel probing JP Morgan’s multibillion dollar ‘Whale Trade’ loss plans to unveil its findings to press regulators to tighten the Volcker Rule. We ask David Stockman if this would be enough to rein in too big to fail bank risk.
by Richard (Rick) Mills, Ahead of the Herd:
As a general rule, the most successful man in life is the man who has the best informationIncreases in taxes and, to a lesser extent, reductions in spending, the infamous $600 billion “Fiscal Cliff” that’s looming in the new year, will reduce the US federal budget deficit by 4 – 5.1 percent of Gross Domestic Product (GDP).
But at what cost?
The US Congressional Budget Office (CBO) analyzed two different scenarios if the fiscal cliff was left in place.
As measured by Fiscal Year – the combination of policies under
current law will reduce the federal budget deficit by $607 billion, or
4.0 percent of gross domestic product (GDP), between fiscal years 2012
and 2013. The resulting weakening of the economy will lower taxable
incomes and raise unemployment, generating a reduction in tax revenues
and an increase in spending on such items as unemployment insurance. With that economic feedback incorporated, the deficit will drop by $560 billion between fiscal years 2012 and 2013.
If measured for calendar years 2012 and 2013, the amount of fiscal restraint is even larger.
Read More @ AheadOfTheHerd.com
A People’s Liberation Army Admiral has fanned the flames of tensions
surrounding the island dispute between China and Japan by suggesting
that China would comfortably defeat Japan in a war and that Beijing
should prepare for the United States to become involved in the conflict.
A report in People’s Daily - a propaganda organ for the ruling Central Committee of the Communist Party of China – quotes Zhang Zhaozhong, rear admiral at China’s National Defense University.
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.
Now that the Fed has announced QE3 and Japan announced QE 8, Brazil is threatening defensive measures and bringing talk of Currency wars back, according to multiple press reports. Brazil’s finance minister coined the term ‘Currency Wars’ two years ago as governments battled to lower exchange rates to boost competiveness. We talk to David Stockman, former director of the Office for Management and Budget during the Reagan administration, about the malignant effects of Federal Reserve policy and the lack of market-set interest rates!
Our guest, David Stockman, author of “The Triumph of Politics,” recently had some choice words Federal Reserve, stating:”The Fed (and the lunatics that run it) are telling the whole world untruths about the cost of money and the price of risk.” We talk to him about monetary policy, taxes, sound money, and more.
Plus, the U.S. Senate panel probing JP Morgan’s multibillion dollar ‘Whale Trade’ loss plans to unveil its findings to press regulators to tighten the Volcker Rule. We ask David Stockman if this would be enough to rein in too big to fail bank risk.
As a general rule, the most successful man in life is the man who has the best informationIncreases in taxes and, to a lesser extent, reductions in spending, the infamous $600 billion “Fiscal Cliff” that’s looming in the new year, will reduce the US federal budget deficit by 4 – 5.1 percent of Gross Domestic Product (GDP).
But at what cost?
The US Congressional Budget Office (CBO) analyzed two different scenarios if the fiscal cliff was left in place.
by Paul Joseph Watson, InfoWars:
A report in People’s Daily - a propaganda organ for the ruling Central Committee of the Communist Party of China – quotes Zhang Zhaozhong, rear admiral at China’s National Defense University.
Zhaozhong accuses the United States and Japan of using a joint drill currently taking place on Tinian Island involving U.S. Marines
and Japanese troops to prepare for a potential invasion of the disputed
islands, adding that the U.S. is taking part in the exercises as a
deterrent to put pressure on China.
Read More @ InfoWars.comTotal 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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