luxemborg

Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from Luxembourg, allowing many of them to slash their global tax bills while maintaining little presence in the tiny European duchy, leaked documents show.
These companies appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes, according to a review of nearly 28,000 pages of confidential documents. 
The records show, for example, that Memphis-based FedEx Corp. set up two Luxembourg affiliates to shuffle earnings from its Mexican, French and Brazilian operations to FedEx affiliates in Hong Kong.  Profits moved from Mexico to Luxembourg largely as tax-free dividends. Luxembourg agreed to tax only one quarter of 1 percent of FedEx’s non-dividend income flowing through this arrangement – leaving the remaining 99.75 percent tax-free.
Other companies seeking tax deals from Luxembourg come from private equity, real estate, banking, manufacturing, pharmaceuticals and other industries, the leaked files show. They include Accenture, Abbott Laboratories, American International Group (AIG), Amazon, Blackstone, Deutsche Bank, the Coach handbag empire, H.J. Heinz, JP Morgan Chase, Burberry, Procter & Gamble, the Carlyle Group and the Abu Dhabi Investment Authority.

Pisani gold gld

In a move that is much more significant and relevant than the Chinese interest rate cut news, it was revealed that Netherland’s Central Bank repatriated 120 tonnes of gold this year.   The move was accounted for as a transfer of gold from the NY Fed to De Nederlandsche Bank (DNB).
I say “accounted for”  because I believe it is highly likely that the physical transfer took place from the GLD custodial vaults to the DNB. 

silver rocket down

Until there is a clear break of elite’s central banking dominance over the gold and silver markets, there will be no dramatic recovery reflective of where the true price for both metals should be.
Whether it is $5,000 or $10,000 for gold or $100 or $200 for silver [the ounce], the current distorted pricing, as dictated by the paper derivative market and not actual physical metal, will prevail demonstrating the power the elites exert at will.

freefall

The price of oil (West Texas) dropped nearly $3 and hit it’s lowest level since the 2nd half of 2010.  It’s dropped 31% since July.  The explanations being promoted by the mainstream blogosphere for the price decline is either 1) the U.S. has manipulated the price lower to punish Putin/Russia or 2) the Saudis have flooded the market with supply to drive U.S. oil shale/fracking out of business.
Both of those rationales are nonsense.
Instead, the plunge in the price of oil reflects the collapsing global economy, which – by the way – includes the U.S. economy.
When the fire does start it’s going to look like Biblical Armageddon.

launch rocket vertical

The Japanese yen is now collapsing.
If the yen goes “super-nova” – i.e. collapses  - it could bring down the U.S.   The U.S. QE/Keynesian Ponzi scheme relies on Japan to help keep the scheme together.   
The yen is beginning to hyperinflate and it is now entering “parabolic” mode.  
First, this will cause the Japanese banks to implode because they’re loaded up with Japanese stocks and bonds, the way our banks are loaded with Treasuries.  The banking system would not survive a yen collapse.
If the Japanese banking system collapses, it will translate into massive derivative losses and short term funding losses in the U.S. banking and hedge funds.  In other words, U.S. banks have massive credit exposure risk to Japanese banks.

gold reserves

The Netherlands has repatriated about 130 tonnes of their gold reserves, according to a press release published by the central bank.
The gold was repatriated from the vaults of the Federal Reserve in New York back to the vault of ‘De Nederlandsche Bank’ in Amsterdam.
This operation took several months and was done in complete secrecy.
The full press release on this secret gold repatriation by the Dutch central bank:

poker big losses

Gregory Mannarino joins Reluctant Preppers to expose the disturbing truth of our financial system’s design based not on building wealth creation for citizens, but based on making us debtors.
Mannarino spells out what you can do to bet against the debt, which asset is best to protect your family, and why you need to prepare for a worst-case scenario.
Mannarino’s full interview is below: 

eagle sales

On Halloween, Oct. 31st when Zombies knocked the price of silver down 4%, the U.S Mint sold 1,425,000 Silver Eagles that day.   After the weekend, Silver Eagle sales on Monday, Nov 3rd were a hefty 625,000.   As the price of silver trended lower on Tuesday, the U.S. Mint sold another 430,000 on Nov. 4th.
And then on Nov 5th, with the paper price of silver down 5%, demand for Silver Eagles increased to a level that totally wiped out all remaining Silver Eagle inventories at the U.S. Mint

2012 Amercian Silver Eagle

Of Mints and of Mines
This week’s Clarion Call takes a closer look under the hood at the U.S. Mint, at both the number of coins being released soon, and what it means for silver retail supply going forward.  
We also scour over the charred wasteland that is the silver mining industry.
Plus a surprising figure that silver stackers must be aware of
It’s all here, in the “Clarion Call”!