“Their various reconnaissance aircraft have been wandering around foreign airspace for decades and watching the military secrets of other countries like a disgusting thief spying over his neighbor’s fence. However, when the neighbor comes back with a big stick, the thief will turn tail and run away, blaming the neighbor. When you show people weakness, they will bully you. When you show people strength, they will respect you. We believe the Chinese Air Force and Naval aviation should maintain a high level of vigilance and morale in southeast coastal region to prevent the further US action. America has lost face and does not want to show the world they are sick. They have been lording over other countries for so long, and they will never let it go after they eat this loss.“
Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday.
The chart below, of gold and open interest on Comex, shows how the price has declined while open interest has hardly budged from its historically low level.
By the late 1920s, Joseph Stalin became the unchallenged leader of the Soviet Union after having eliminated his opposition. He topped it off in 1929 by serving a decisive blow to anyone that would dare to oppose him by outlawing private gun ownership in the country.
From that year on until 1953 when Stalin died, it’s estimated that more than 20 million Soviet citizens that were seen as a threat to the country’s leadership.
People were rounded up and either murdered outright, or sent to infamous gulag labor camps.
Stalin is an extreme case. But history is ripe with examples of governments which disarm their citizens, only to engage in serious oppression afterwards.
Communist China. Nazi Germany. Cambodia. Guatemala. Uganda. The list goes on and on. Pacification of the citizens is almost always a prerequisite to totalitarianism.
There have been a lot of attempts to disarm, or at least partially disarm, people in the US throughout history as well.
Each time there’s a major shooting somewhere, the chant to ban firearms grows louder.
But the latest proposal is especially telling.
H.R. 5344 is a bill currently going through Congress that would ban the purchase of body armor.
Violation would carry CRIMINAL penalties, including up to ten years in prison.
Is Jim Rickards a Disinformation Agent as a PM Fund Manager alleged this week, or is he simply intending to advise and prepare people for what he genuinely believes is coming with the end of the dollar paradigm?
There are laws in place which may be fought, denied, or lied about, but in the end, reality always reasserts itself, and there’s nothing anyone can do about it. Which brings us to the critical juncture of our bid to understand what might’ve possibly caused someone to bury so much gold in the Sierra Nevada hills of 1894 California, in the first place:|
In this case, the pin that broke the 1893 railroad bubble came in the form of one “Baring Brothers” bank, in London.
During the boom, Baring Brothers had given a great deal of high-interest loans to the markets in Argentina. Unfortunately for them, Argentina had reached its borrowing limit, and was forced to default on its debt.
When Argentina went down, Baring was down for the count too. With the failure of Baring Brothers, the City of London realized that “the music had stopped”, and a scramble for liquidity (gold) was on. As the understanding of the problem spread quickly, so did the fear: the fear of being caught in an insolvent banking system, and losing your gold.
The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace.
Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment.
But overall, the long-term trends that are eviscerating the middle class just continue to accelerate.
In this economy, you don’t even have to lose your job to fall out of the middle class.
The following are 30 stats demonstrating the destruction of the US Middle Class:
The West’s power & influence is on the wane.
It is clearly not in the interests of the long-standing members of the EU to escalate a sanctions and financial conflict with Russia. The European Central Bank will have almost certainly discussed contingency plans with the major regional central banks in the Eurozone, because the banking system might have to make available special credit and financing facilities, i.e. a rescue from a financial crisis if NATO goes much further down the sanctions route.
This is why politicians are walking on eggshells, paying lip-service to America and the scared Eastern fringe members of NATO while hoping this goes no further.
So long as this is the case it is clear that NATO members are powerless to stop Russia from wresting control of all or parts of Ukraine from the government in Kiev. Putin knows this; unfortunately it is not clear to us that the American government does.
CDC research scientist comes forward, anonymously, comes clean, tells Dr. Brian Hooker that the CDC has known about the MMR vaccine connection to autism for at least 11 years.
Has known, and has intentionally covered it up.
The raw study data in the CDC’s possession Dr. Hooker states, shows that African-American boys who receive their first MMR (measles, mumps, rubella) vaccine before the age of 36 months have a 300% increased risk for autism.
Silver’s overall price action today was that of a failed rally; at one point silver was up +0.20 but failed to hold its gains, which I consider generally bearish.
Silver’s downtrend remains intact, and gold is now starting to give way as well, having dropped 4 days in a row.
Besides what the Fed is doing by printing money, there is another big threat to the dollar, warns Alasdair Macleod. Countries in Asia are banding together in order to rid themselves of using the dollar in international trade.
“There is a thing called the Shanghai Cooperation Organization, an agreement principally between China and Russia, whereby they tie up the whole of Asia as their backyard. Other members are the countries north of Tibet, Tajikistan, Kyrgyzstan, Uzbekistan, and so on.
In or soon after September, four new members will join – India, Pakistan, Iran, and Mongolia. That’s almost half the world’s population. The objective of the SCO is basically to settle international trades between these countries without using the dollar.
It’s not just members of the SCO, either, that could eschew the dollar. The Middle East, for example, now principally sends exports to China and India, so there’s no pressing reason to use the dollar there.
If they succeed, the whole Asian continent, at some point in the future, will be off the dollar.
They’ll use their own currencies, gold, or something else. That’s a very big change, and I don’t think people fully appreciate what that means for the dollar.”
The Saddle Ridge Hoard was amassed from coins during a period which was unique in history. You see, while gold coins were in abundance, due to the gold standard, it was actually in the very late days of the gold standard. In centuries past, gold coins were often carried around on one’s person, and physically used for payment to settle larger transactions. By the mid to late 1800′s, however, this was no longer the case. The banksters had lulled much of the populace into complacency, by conditioning them to equate a paper bill(the receipt) with the coin itself.
Why would someone bury over 1,400 gold coins (the equivalent of a generational estate in tin coffee cans?
Burying one’s wealth, is such a radical act, that it demands a radical explanation, especially during a time where the paper dollars you had were instantly redeemable in gold coin specie.
What could’ve possibly caused someone to take several kilos of gold, and opt literally to hide it away from the safety of their local bank’s vault?
Was there some sort of catastrophic event at that time which would’ve scared bank depositors so drastically, that they would’ve actually chosen burial over a bank vault for safekeeping?
As it turns out, there was just such an event!
Both houses of manipulation viciously attacked both gold and silver on Friday.
Guess why price went down after the COT Week? It’s called “A Time To Kill” speculator’s positions right before price is allowed to go up…
This is too simple, it is an orchestrated massacre and played out with the greatest of mathematical minds who have programmed their trading and HFT-ing to loot speculators at their every turn because speculators,(at least the paper playing speculators) are like sheep led to the slaughter since they cannot coordinate between themselves to take positions and stick with them that would stop this madness.
The Commercial’s goal is to rape, pillage, and sack as much speculator wealth as they can prior to the planned worldwide economic crash of 2015 that destroys all the world’s currencies.
The one year gold price chart shows that the US has been on a de facto US dollar gold standard for over a year now.
This means that the US dollar gold price has been “fixed” for all practical purposes at about $1,300.
This is big news since President Nixon closed the “gold window” back in 1971. “Gold window” simply means people and governments can exchange a fixed number of US dollars for each troy ounce of gold.
Now after more than 40 years, the US has re-instituted a new “gold window” dollar gold-standard.
Pierre Lassonde is one of the ‘superstars’ of the resource sector. He co-founded Franco-Nevada, the largest royalty and streaming company in the mining sector. The company was acquired by Newmont Mining in 2002, and then split off in ’07 at a value of $1.2 billion. Its current market cap is nearly $9 billion.
On the phone from his home in the South of France, he shared what he feels are some of his most valuable insights on investing.
Mr. Lassonde says timing isn’t nearly as important as recognizing great business models – like Franco-Nevada or NewGold — and being patient.
The ringleaders of the megabanks involved in the gold/silver fix have all had heavy representation in The Pilgrims Society. The rest have been and remain represented in interlocking groups such as the Trilateral Commission and the Bilderberg conferences—groups founded by Pilgrims Society members.
Just to make reference to this alleged “new” silver fix, and how bogus it is, I offer this brief report.
It appears that HSBC, Scotia Mocatta, and Mitsui & Company are the London based ringleaders of the “new” silver fix, along with Thomson Reuters, corresponding to their USA associate the CME Group. Ever hear about a dog being “fixed?”
This is a mere matter of a group of gangsters who tossed the ball to others in their racketeering organization………..
The more things change, the more they remain the same.
You know you’ve lost the plot when Egypt, Iran, China and the United Nations all feel so comfortable they have the moral high ground that they publicly chastise the U.S. about events in Ferguson.
Whether or not the U.S. ever deserved the moral high ground it possessed just after World War II, this position has been clearly lost in the eyes of the world, and increasingly domestically as well. Politicians can continue to repeat catch phrases from the 1950′s all they want. It’s not going to make a shred of difference.
In case you have any doubt what a embarrassment of a Banana Republic the U.S. has become in the eyes of the world, check out these excerpts:
James Risen is not just a phenomenal reporter, he is also an extremely courageous and honorable American patriot.
His case is a very disturbing one, and it has justifiably received a great deal of national attention. In a nutshell, the Obama Administration is threatening the pulitzer prize winning journalist with prison unless he reveals the source behind one of his stories.
This is something no journalist worth his salt would ever do, but the fact our own government would resort to threats of incarceration in order to instill fear in the press to prevent it from doing its job is quite telling and extremely dangerous.
Mr. Risen understands this danger more than just about anyone else, which is why he has previously stated he is prepared to go to jail in order to defend the First Amendment from Obama, who he calls “the greatest enemy to press freedom in a generation.”
In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces.
By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons (Fort Knox, the NY Fed, and other locations).
The US government had been overspending, exporting dollars oversees, and other governments had “cashed in” those dollars for gold.
Forty three years later (since August 15, 1971) the “temporary” policy is still in place, the US government has officially redeemed no dollars for gold, and the US economy has deteriorated.
“We criticize dictators for quelling dissent and silencing protestors with tactics like curfews, we’ll certainly speak out when it’s happening in our own backyard. The people of Ferguson have the right to protest peacefully the lack of accountability for Michael Brown’s shooting.”
– Amnesty International USA’s executive director, Steven W. Hawkins
I’m sure most of you have heard by now of Missouri Governor Jay Nixon’s decision to deploy the National Guard to the unrest in Ferguson, but what you may not have heard is that human rights organization Amnesty International is also on the ground.
In fact, it has been there for several days now and is quite disturbed by what is happening.
Specifically, Amnesty International USA announced on August 14, that it had sent a 12-person human rights delegation to Ferguson.
For most of us in the world, we are born tethered to a single national identity. The passport is our rope. It’s our lifeline, and we depend on it wholly. Some are blessed with a strong stable rope, which can enable one to feel secure, travel freely, and do business easily. However, for some, their ropes are beginning to fray from years of being worn down by debt, corruption, and instability. For those with a weak rope, it’s essential to work on getting more as quickly as possible. That means, a second citizenship, which in addition to providing greater safety, can also give you greater freedom to travel, work, and invest.
The “Saddle Ridge Hoard” of 1,400 US gold coins was recently discovered by a couple in California, buried in several old, rusty cans. The cans were happened upon by the couple who were walking their dog, and when it was all dug up, over 1,400 U.S. gold coins were recovered from them. Why would someone bury these coins during a time of the classical gold standard? Ponder this, from the throughout that timeline, up until about World War I, both gold and silver coins could be obtained from any bank by simply redeeming your certificates(your dollars) in exchange for them.
Paper dollars were originally a receipt, a claim, on the real goods: gold and silver. The person who owned those coins, simply could have left them in their local bank’s safe, and just returned the receipts in exchange for the coins anytime they wished. So, why didn’t they just do that?
Unless…unless there was a more disturbing reason they didn’t wish to do that.
The shocking answer to what the original owners of the Saddle Ridge Hoard were seeking safety from still has implications for you and your wealth here in 2014….