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November 26, 2014

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The Federal Reserve’s Escape from New York
The Fed made major mistakes in the run-up to the global economic crisis of 2007-08, most notably by adopting a lax approach to the supervision of key financial institutions, and by allowing some very large banks to become extremely fragile. (Read Full Story)

Living ‘Hand To Mouth’ In America
“Why do poor people do things that seem so self-destructive?” (Read Full Story)

Behind 700% Loans, Profits Flow Through Red Rock to Wall Street
Chasing big returns, some Wall Street investors have been willing to overlook the legal uncertainty of a business that regulators say is exploiting a loophole to trap poor borrowers in a cycle of debt. (Read Full Story)

Scale of Wall Street Holdings Are “Unprecedented in U.S. History”
Last Thursday, the U.S. Senate’s Permanent Subcommittee on Investigations, chaired by Senator Carl Levin, released an alarming 396-page report that details how Wall Street’s too-big-to-fail banks have quietly, and often stealthily through shell companies, gained ownership of a stunning amount of the nation’s critical industrial commodities like oil, aluminum, copper, natural gas, and even uranium. The report said… (Read Full Story)

So The Fed Does Have Gold: The Netherlands Just Repatriated 122.5 Tons Of It
The Central Bank of The Netherlands managed to stun the gold investment community on November 21, 2014, by stating they just repatriated 122.5 tonnes of gold, coming from the Federal Reserve Bank in New York. (Read Full Story)

Swiss Gold Vote Could Mark The End Of Fiat Money
Gold sits at the center of what is arguably a vote more important to the world than which party runs the U.S. Congress. Next weekend, Swiss voters will be asked whether they want 20% of their currency, the Swiss franc, backed by physical gold. (Read Full Story)

The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
From the dawn of history, elites have always attempted to enslave humanity. Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate. If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense, you become a “human resource” that is being exploited to serve the interests of others. (Read Full Story)

Gold is Kryptonite to the Dollar
“The GOFO rates, or gold forward rates, in London are negative. They should never be negative, and they are more negative now than any time since 2001. That shows extreme tightness in the metals market. To me, it shows mistrust. It shows that people are saying I want my gold now. (Read Full Story)

The Expanding World of Poverty Capitalism
In terms of food, housing and other essentials, the cost of being poor has always been exorbitant. Landlords, grocery stores and other commercial enterprises have all found ways to profit from those at the bottom of the ladder. (Read Full Story)

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Why Gold is Still a SOLID Long-term Investment

i.0.s-gold-businessWe have been bearish on gold prices since January 2013, when it was trading above $1,650 an ounce. Since then, the price of gold has declined by almost 30%. There are three main reasons for this underperformance over the last two years:

1. Gold as an investment hedge has become less attractive to Europeans as the chance of a break-up of the European Monetary Union declined after Spain, Portugal and Greece were bailed out by the EMU’s richer members, such as Germany.

2. Gold has become less attractive to Americans as the U.S. dollar strengthened and recently hit a four-year high.

3. India, which accounts for one-quarter of the world’s gold consumption, slapped a 10% import duty on gold during August 2013. Indian gold demand dropped by close to 40% year-over-year in the fourth-quarter of 2013 and did not recover until this summer. Continue reading

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Stealing Your Wealth by Stealth

goldman-sachs-stealingLast year, I was roundly criticized when I said the Cyprus scenario is coming here. I was told there would be a revolution if this happened and the government would be to afraid to try such a thing. I marvel at people who hold to such naive beliefs. The American people have been through several beta tests related to our private wealth being confiscated and no resistance was offered (e.g. MF Global).

Listening to the sheep that believe Wolf Blitzer who tells us that the economy is in recovery, is like listening to a country song played backwards. You know the all-to-familiar message, the wife does not leave, the truck still runs and the guy stops drinking. Maybe it is all the fluoride in the water that is causing such widespread ignorance and apathy.

First of all, our government is not the main enemy. This is not the government we are dealing with. We are battling organized crime in the form of corporations like Goldman Sachs who have hijacked our government and now they have captured the G20. They are lining up for the last great garage sale before they collapse the economy and roll out martial law. There are forces lining up to steal everything that you and I own. It has already begun but this country is so dumbed down, we do not see that it has already started. Continue reading

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Gold and Silver Price Manipulation: The “Golden” Cat is Out of The Bag!

golden catGold and silver price manipulation, “we” have talked and written about it for years. I can still remember speaking two or three times a week with the late Harry Bingham back in 1997 and ’98 regarding this topic. No matter what “event” popped up which logically and in the past should/would have pushed the price of gold higher, we would see waterfall action instead. Then along came Bill Murphy and Chris Powell of GATA. They put forth all sorts of anecdotal evidence, work by Frank Veneroso, James Turk and others which made the “manipulation picture” clearer. Each piece along the way was added to the previous pieces and made it more clear “we were right”. (Zero Hedge)

Of course, along the way there have been slurs and smears of GATA’s work and those of us who put the pieces together shedding light on the fact that gold and silver prices were manipulated. I must say, it was quite a frustrating experience when often times there was obvious evidence to the 3rd grade mentalities out there yet supposedly “smart” people would just turn their noses up saying “that proves nothing”. Even the latest operation last Wednesday at 12:30 AM where one week’s worth of global gold production (40 tons) was sold in the tight window of and Indian holiday and Chinese/Japanese lunch break was “apologized away” as being “routine selling”. Yes, I will agree, it has “become routine” but in no way is it “right”. Selling that which does not exist is illegal, morally wrong and in this case aimed squarely at suppressing the price. This is either “price fixing”, or “collusion”, both supposedly illegal. Continue reading

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November 18, 2014

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What The Fed Has Wrought
It is no coincidence since Nixon closed the gold window in 1971 and unleashed greedy bankers, feckless politicians, and self serving corporate executives to utilize easy money and prodigious amounts of debt to financialize our economic system and deform capitalism, corporate profits have boomed and busted. The Fed created booms and busts are clearly evident… (Read Full Story)

BEWARE of the Karatbar Scam!
Do not lose your money to an idea that sounds good, make sure you invest your time and money with a strong foundation that does not have any flaws in the system. (Read Full Story)

Sprott: Global Gold Demand Is Overwhelming Supply
Sprott explains the tremendous imbalance currently seen between global supply and demand for precious metals. In his view, prices will have to correct upwards – prodigiously – to bring the two back in alignment. (Read Full Story)

The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed
Germany was pressured to keep its gold in the US after a “diplomatic” line of communication was opened, most likely the result of the Fed making it all too clear clear to the Bundesbank not only who runs the show, but what the assured failure to repatriate Germany’s gold would mean for “price stability.” (Read Full Story)

Gold US$5,000: Is it Possible? And when?
Timing is the only thing that becomes the issue. Gold will reach at least US$5,000, but how soon? They say,“don’t fight the Fed”, and the recent past surely confirms this. However, it becomes evident that all the QEs did not restart the global economy; they only avoided a major collapse. All they have achieved is postponing the inevitable. (Read Full Story)

Hyperinflation in the U.S.?
The foundation for collapse is already well established. Hyperinflation is fluid process. It is a becoming. A great tsunami dislocating, destroying in that sense it is already here. Now is the time to act. (Read Full Story)

‘Historic high’ of homeless children in America
The rate of homeless American children in the U.S. has risen to a historic high, reports NBC News. (Read Full Story)

Modern Legal Tender Silver Bullion Coins – The Big Three
From a consumer viewpoint all are very popular and all three are accepted and traded worldwide. But there are differences between the three which are not obvious and unfortunately not understanding these differences can create a hole in your investment plan. (Read Full Story)

Obamacare = A Death Panel For The U.S. Economy
Did you know that some Americans are being hit with health insurance rate increases of more than 500 percent? Taking advantage of “the stupidity of the American voter”, the Democrats succeeded in ramming through one of the worst pieces of legislation that has ever come before Congress. (Read Full Story)

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November 9, 2014: Late Weekend Edition

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UBS to settle precious metals Manipulations
And what does ‘UBS‘ stand for??? (Read Full Story)

Hussman: The Stock Market Is Overvalued By 100%
If you look at the measures of valuation that are most correlated to the returns that stocks deliver over time say over seven years or over the next 10 years the S&P 500 in our estimation is about double the level of valuation that would give investors a normal rate of return. (Read Full Story)

The Great Financial Crisis:
The Guilty Men

WHO was to blame for the great financial crisis? How effective was the response of the authorities? And how can we stop it happening again? (Read Full Story)

Majority of New October Jobs Pay Below Average Wage
Yet the majority of the Liberal elite and effete continue to tell us about the ‘Great Job Recovery‘. (Read Full Story)

Gold’s Fundamental Supply Picture
Demand Global gold demand was 964t in Q2 2014, significantly reduced from the record high in Q2 2013. ETF outflows slowed sharply. Central Banks continued to buy gold for the 14th consecutive quarter in Q2 2014. CB’s purchased 118t in Q2 2014 up 28% over Q2 2013. The announcement of a fourth CBGA in the second quarter also reiterated that… (Read Full Story)

The Silver Mining Cartel
The silence of the precious metals producers in the face of blatant, ongoing, illegal, and seemingly never ending price suppression has been deafening. How could the primary gold and silver producers sit by and watch as the price of their product is fixed by an illegal pricing mechanism? But just when it seemed it couldn’t be any darker, we got a glimpse… (Read Full Story)

A Tale of Two Markets: Gold Market Manipulation in NY and London
“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes… There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it… (Read Full Story)

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Nobody Remembers Ben Bernanke

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November 7, 2014 – Early Edition

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Physical Gold Shortage Worst In Over A Decade
The last time there was an systemic physical gold shortage was in July 2013. It is then that, for the first time in 5 years, the 1-month Gold forward offered rate, or GOFO, went negative. (Read Full Story)

Federal Reserve Counterfeiting Approaches 100%
At the end of 2008, the U.S. Federal Reserve embarked upon a monetary policy so extreme and so reckless that it had to invent a (new) euphemism for what it was doing, since if it simply used the old euphemism, even the puppet-politicians of the U.S. government would have rebelled at this monetary insanity. (Read Full Story)

Manipulating the Consumer Price Index
If you believe the public comments made by the world’s central bankers, the prices that consumers pay for items are not rising fast enough; in some places like Europe they worry that prices might actually fall (a tragedy for the possessing classes, as their manic one-way long bets might not work then). Central bankers are terrified of this outcome. (Read Full Story)

America’s Disappearing Middle Class Wealth
People in the US and around the world are being rapidly divided into two classes, the well-to-do and the lower-income majority. (Read Full Story)

US Pension Plans Need Massive $110 Billion In 7 Years, Moodys Warns
Thanks to improving life expectancy and the Federal Reserve’s financial repression lowering yields, US company pension funds have been hit by a double whammy. As Moody’s warns, companies will have to find $110 billion in the next seven years to fund pension liabilities shortfalls. Moody’s adds, “given these increasing liabilities and cash drains, we expect to see an acceleration in lump sum offers,” as firms try to derisk. (Read Full Story)

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Pity the Swiss

“England may as well dam up the waters of the Nile with bulrushes as to fetter the step of Freedom, more proud and firm in this youthful land than where she treads the sequestered glens of Scotland, or couches herself among the magnificent mountains of Switzerland.” ~ Lydia Maria Child, The Rebels, or Boston before the Revolution

Pity the poor Swiss.

swissThe Bankers and the power brokers are frightening them with dire consequences if they should exercise their freedom and politely request that their gold be returned to them, to be kept within their national borders.

Why should they resist? This is not done in the well developed, sophisticated nations. Why should anyone wish to hold their own wealth? Better to give it to someone else to hold, someone who is more intelligent and capable. Continue reading

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The Next Housing Crisis May Be Sooner Than You Think

How we could fall into another housing crisis before we’ve fully pulled out of the 2008 one.

houseWhen it comes to housing, sometimes it seems we never learn. Just when America appeared to be recovering from the last housing crisis ­the trigger, in many ways, for 2008’s grand financial meltdown and the beginning of a three-year recession­ another one may be looming on the horizon.

There are at several big red flags. Continue reading

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All That Jazz: Winehouse and Bennett

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Will the Fed Ever Learn?

“They will act in accord with the proverbs, ‘that a dog will return to his own vomit; and the sow that was washed will go back to her wallow in the mud.'” ~ 2 Peter 2:21-22

The-Federal-Reserve-440x330No. The Fed will not learn.

The Fed will keep repeating their policy errors because they are well paid not to learn. And the economic bobble heads will keep agreeing with them and rationalizing their failures because that is the judicious thing to do if you wish to succeed in a disgraced profession that traffics in expedient fantasies as long as everyone that matters agrees with them.

The Fed wishes for the ECB and the other central banks to do dumb things like they and some of their friends are doing so that they all do the same dumb things together. There is safety in numbers apparently. Hey, we all did dumb things out of good intentions. Who could have known? No one saw the bubble coming. No one could have known that what we were doing was making things worse.

It worked for Greenspan. And it’s working for the Banks. Continue reading

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October 29, 2014: Early Edition

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How High Will Your Health Insurance Premiums Go In 2015?
To the moon Alice, to the moon! ~ Ralph Kramden (Read Full Story)

Deutsche Bank Announces Management Shakeup on Eve of Earnings Report
Every time I hear the phrase ‘Deutsche Bank’ I keep hearing Bogie in Casablanca say: “You’re lucky your cash is still good at the bar.” ~ Gray Rider (Read Full Story)

Gold, Old Chinese Bonds & the Coming New World Monetary System: Part I
On August 5, 2013, the Peoples Bank of China called for a “New Bretton Woods” system where the U.S. dollar would be removed as the world’s primary reserve currency. It also called for an expanded usage of the SDR and for the new system to be supported by gold. (Read Full Story)

Gold, Old Chinese Bonds & the Coming New World Monetary System: Part II
when we are attempting to understand the economic system that is being built up underneath the structure of the old one, we only need but look at what exists today to discern what is coming our way shortly. (Read Full Story)

Gold, Old Chinese Bonds & the Coming New World Monetary System: Part III
Have no doubt about it, the so called Global Currency Reset is already happening, and it’s happening by the International Monetary Fund restructuring the world’s wealth through the emerging markets. Sovereign debt is at a 200 year high. Fiat currencies are on the verge of collapse. Stock markets are hovering over nothing but the illusionary ether from which they climbed. And if you listen carefully you’ll notice that all countries are speaking from the same script. (Read Full Story)

Gold, Old Chinese Bonds & the Coming New World Monetary System: Part IV
Though the world’s countries will maintain their individual autonomy, their economic sovereignty will be passed to the Executive Board of the I.M.F. under the 2010 Code of Reforms. (Read Full Story)

Gold, Old Chinese Bonds & the Coming New World Monetary System: Part V
In the other parts to this series, we have discussed the 2010 Code of Reforms as agreed upon by the members of the International Monetary Fund. Though the agreements were made, the United States Congress has yet to pass the supporting legislation required to restructure the Executive Board of the I.M.F. The obvious reason for this is that once the reforms are passed and the board restructured the quotas for each country will change and the dollar will be stripped of its reserve currency status. (Read Full Story)

Greenspan on Gold: It Will Rise in Price
Greenspan participated on a panel at the New Orleans Investment Conference last Saturday. Below I provide a couple of his quotes and expand on what are the potential implications for investors. Greenspan: “The Gold standard is not possible in a welfare state” The U.S. provides more welfare benefits nowadays than a decade… (Read Full Story)

Where is Uncle Ben? Oh, nevermind!

Where is Uncle Ben? Oh, never mind!

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October 29, 2014 – Late Edition

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Russia Buys Most Gold for Reserves Since Financial Crisis of ’98
And so why haven’t you been buying? Phone Kettle Moraine Precious Metals to discuss your options – and be ready to make your purchase TODAY! Call TOLL FREE at 1-855-BUY-SILVER. That’s 1 – 855 – 289 – 7587. (Read Full Story)

Hookers and Blow: Wild Times On Wall St
And you want to trust your nest egg to these coke snorting, greedy fools??? (Read Full Story)

Why the Financial and Political System Failed and Stability Matters
Without excessive artificial stimulation or the promise of it – more hell breaks loose – is one that government heads neither admit, nor appear to discuss. But the truth is that the global financial system has already failed. Big banks have been propped up, and their capital bases rejuvenated, by various means of external intervention, not their own business models. (Read Full Story)

Wall Street Journal: Wealth Inequality Is Your Own Dumb Fault
The same Wall Street banks that are enabled by Congress to asset strip 401(k)s are the very same banks that asset-stripped the equity in the little guys’ homes through illegal foreclosures and mortgage fraud and then were allowed to decide on their own how much to pay their victims. (Read Full Story)

Homeownership drops to two-decade low
Showing that the housing market is still far from normal, U.S. homeownership dropped to the lowest rate in two decades, with declines across the country and income spectrum, according to government data released Tuesday. (Read Full Story)

Falling gas prices are like a $720 stimulus check
What a total crock of SHIT! (Read Full Story)

From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin
Alan Greenspan says that quantitative easing was “a terrific success” as far as boosting stock prices. But he also says that QE has not been very helpful to the real economy at all. In essence, the entire quantitative easing program was a massive 3.5 trillion dollar gift to Wall Street. If that sounds unfair to you, that is because it is unfair. (Read Full Story)

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October 28, 2014

DEheadlines_origGovernment Programs Lure Poor Into Poverty
Government programs, well-meaning or not, serve to trap the already downtrodden. By contrast, the market creates freedom and options and promotes upward mobility. (Read Full Story)

Obamacare Is Not a Revolution, It Is Mere Evolution
The Patient Protection and Affordable Care Act focused the attention of Americans on government regulation as few issues have. However, they should have paid attention decades earlier because states have been eating away like termites at freedom in the healthcare insurance market for decades. (Read Full Story)

CDC Rejects Mandatory Ebola Quarantines
The Centers for Disease Control and Prevention recommended Monday that people deemed to be at high risk of developing Ebola voluntarily isolate themselves from others for 21 days, but stopped short of recommending the mandatory quarantines that at least two states have ordered. (Read Full Story)

IRS Finally Promises to Stop Stealing Innocent People’s Money
The New York Times finally got around to contacting the IRS about the IRS’s long-time practice of stealing money out of people’s bank accounts — people who have committed no crime. This is part of the civil asset forfeiture program. The government agency — federal, state, or local — seizes your money. (Read Full Story)

How 1936 Consolidated the Progressives’ Triumph in 1913
Politically conservative Americans and libertarians generally agree on the worst year of the 20th century: 1913. In 1913, three major events took place. First, Americans were informed that a constitutional amendment establishing an income tax passed. That was a lie. It did not pass. But the Attorney General of the United States announced that it … (Read Full Story)

A Copper-Bottomed Strategy?
Talk about a strong market position: a single buyer has bought up over half of the copper held in London Metal Exchange warehouses. (Read Full Story)

Meat, fruit, milk and butter prices skyrocket
Milking us for everything we’ve got! US Labor Department data show the bill for butter surged 23.7 percent over the last 12 months. Meat rose 13 percent in the last year, with beef jumping 17.8 percent — the biggest boost since January 2004. (Read Full Story)

Three reasons to expect a 30% market meltdown
Stock prices have always succumbed to the divergence. The greatest divergences registered prior to now were 1987, 2000 and 2007. And this current market has surpassed all of them in bearish readings. (Read Full Story)

Guess How Much Americans Plan To Spend On Christmas This Year…
Put Jesus on dat Massah Cahd! De reason for de season… And as da Moichents sing, “Vhat a friend we have in Jesus…. (Read Full Story)

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