When it becomes serious, you have to lie.”  -Jean-Claude Juncker
 At the height of the Crisis in 2008, the system as we know it, both financial and political, came hours within ending, for good.
If you believe that the problems of the Great Financial Crisis are in the rear-view mirror, then my friend, you don’t yet understand what really happened back then.
Just one bank’s total derivative exposure is roughly 20 times the size of the German economy, and more than 5 times the size of all of Europe’s economy combined! One bank!
What do you think will happen when the ISDA announces that another “credit event” has occurred?  When even one losing party has to eventually pay out to another holder of derivative products, to make good on their obligations, do you think that the eventual loser won’t set off another daisy chain, as happened in 2008?  The Fed itself  has had to backstop Bank of America’s oversized $53 trillion dollar derivative position
Who do you think is really on the hook for the coming daisy chain of failures?  
That’s right, you are.

down gold

This week gold joined silver in breaking down, setting a new cycle low, and selling off relatively hard.  Miners followed.
Gold joined silver in the general PM move lower this week, breaking down below all three of its moving averages on high volume. 
Trader Dan last week opined that gold was likely only holding up because of international concerns, and would probably move down to test 1280 if things calmed down.  It looks like his assessment was accurate.
Thursday’s break below 1280 confirmed a pattern of lower highs in gold.  That’s bearish.

Earthquake-Map-300x200

In the wake of this morning’s 6.0 quake in the San Francisco Bay area- the largest quake in over 25 years in the area, perhaps it is time to finally take notice of the massive crack in the earth forming near the New Madrid Fault. 
Is The BIG ONE just around the corner? 

gold bull
Play

Jay Taylor joins Eric Dubin & The Doc this week for a power-packed show discussing: 

  • Jay compares where the current gold & silver bull market is at, and advised investors that: In 1980 we had a massive stampede- a mania in gold.  We haven’t seen anything like that yet!
  • Endless happy days, a deflationary Greatest Depression, or a hyperinflationary collapsewhats coming for the US in the next 3 years? 
  • With gold crushed yet again on the Fed minutes’ release, Jay explains why the Fed’s con artistry is to keep people disinterested in gold with routine horrendous smackdowns 
  • Why Taylor believes the next leg up will be bigger than the 1970’s bull market, and will be the biggest percentage move in gold EVER!
  • Jay digs into Austrian economics discussing exactly how we’ve left the gold standard for a PhD standard, and explains why fiat money allows those who control the system to steal from those who create the wealth

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & Jay Taylor is below: 

SilverDoctors

We’re excited to introduce the new SD…8 months in the making! 
New and upgraded features include: 

  • Live Market Data: Hover over the Gold & Silver spot prices in the top left of the site header to view the 24 hour charts, view the Live Market Data page for SD’s interactive live and historical Gold, Silver, Platinum, & Palladium charts- and even compare any of the metals charts with historical charts of the DJIA, S&P500, S&P Euro, and crude oil! 
  • The new and improved SD forums
  • Improved member features & commenting features

Thank you to all our readers’ support, we hope you love the new SD!
-Doc

Bernanke

Gold has slid during this past week on mounting fears of interest-rate hikes.  Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch.
They worry gold will be crushed when the Fed eventually starts normalizing rates.
But history shatters this fallacy that rising rates are gold’s nemesis.

plane

“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.

drift

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.

panic goldThere 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:|
The Pin.
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

autism_vaccinesCDC 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.

flash smashSilver’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!

JP MorganBoth 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.

goldThe 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 LassondePierre 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: