In an unbelievable display of arrogance and self-importance, the Australian government recently announced the most sweeping changes to their national security legislation since 9/11.
The new laws will give the Australian government more powers to monitor all types of communication, both phone and internet.
What’s more, telecom companies will be required to store searchable metadata of all activity for two years, enabling the authorities to access details of every phone call made and every website visited.
Powers for “extended detention” and ‘preventative detention’, (pre-crime) have also been extended.
I’m sure it makes you feel better knowing that you could be preventively detained without actually committing any crime—you know, just in case…
It will also become a crime now to travel to a country where terrorists are ‘conducting hostile activities’ unless you have a ‘legitimate excuse’.

GLD(Editor note: the question is where will GLD find the physical gold to replace the inventory that was sucked East in 2013?)

The mighty GLD gold ETF’s bullion holdings have remained stable in 2014, an impressive feat.  Last year they suffered an epic outlying record plummet as the Fed’s stock-market levitation sucked capital out of alternative investments.  (and as the East sucked every ounce of AU out of the vaults)
This year’s resiliency in the face of the ongoing stock-market melt-up almost certainly means the bottom is in.  GLD’s holdings are set to surge as weaker stock markets entice traders back.

gold_tidal_waveIgnore the hype regarding gold, bonds, booms and busts, hope and chains, “shock and awe,” stock market crashes, “money honey” commentary, and ignore the politicians.  Don’t obsess over High-Frequency-Trading and market manipulation. 
Instead, focus on the big picture as shown in the following chart of monthly gold, which has been divided into 3 phases since 1971.

DimonThe foundation of the Federal Reserve was necessary for the Anglo-American power led by the Rothschilds and Rockefellers to not only consolidate power over the growing United States, but also for the eventual domination of the world.  
Without the power of this privately owned central-bank that was slipped through Congress just before Christmas in 1913, so much of the evil we see in the world today simply would not exist.  
Now we will see the summer of the Bankster, as they manipulate humanity into global war and slavery
Spreading Debt & Death- the Rise & Fall of the Bankster mini-doc is below: 

trainDownward manipulation of gold and silver is real, declares Jason Hamlin, but the longer it continues, the higher prices will go when the free market reasserts itself.
In this interview with The Gold Report, the publisher of the Gold Stock Bull newsletter argues that rising geopolitical anxiety coupled with endless monetary expansion could lead to explosive growth in precious metals and equities, and lists his favorite royalty/streaming companies and favorite gold and silver miners.

Senator Paul, in the spirit of your sponsorship of the FAIR Act, which would protect honest people’s life savings from British redcoat style brigandage and piracy, we ask you to consider making a ten minute speech in the Senate chamber warning President Obama to not rev up his accumulated disgraces by being so brazen as to cite “precedent” and “national emergency” or “military crisis” or “systemic banking collapse” or “overseas dollar repudiation” for invoking Executive Orders in any way comparable to those issued by Franklin Roosevelt on April 5, 1933, seizing gold from Americans, followed by the tyrannical EO of August 9, 1934, ordering Americans to surrender bullion silver to the Treasury Department.

In this interview with Finance and Liberty’s Elijah Johnson, Fabian Calvo discusses the dollar’s death by a thousand cuts, and reveals China’s plans to collapse the US Dollar (we suspect Putin wouldn’t mind contributing in such a scenario as well). 
Calvo’s full interview on China’s plans to collapse the dollar is below: 

Size comparison:  silver pyramid and the great pyramid of EgyptGlobal annual silver production is approximately 820,000,000 ounces or a bit more than 25,000 metric tons.  What does that mean in terms that we can more easily understand?
If the global annual mine production of silver were cast into one large silver pyramid, it would be approximately – wait for it – only 65 feet high on a base of only 65 feet square.  Rather tiny!  For future reference, this is one “silver pyramid.”
The Federal Reserve was conjuring up enough dollars for QE to buy the equivalent of one silver pyramid every 6 days in the Bernanke era.
In that context silver seems inexpensive and dollars seem overvalued.
The US military spends the equivalent of one silver pyramid about every 8 days and the official US national debt increases by one silver pyramid every 7 days.  Borrowing and “printing” this many dollars cannot continue forever.  Silver and gold will remain valuable long after the dollar has been inflated to near worthlessness.

There have been many artists, writers and intellectuals who were able to see the writing on the wall regarding our Orwellian future many decades ago.  Several of them became so concerned they took it upon themselves to warn us of the dangers in no uncertain terms, with Aldous Huxley perhaps being the most prescient.
A lesser known individual who also accurately warned us about the dangers faced of a totalitarian government/corporate partnership dead set on the destruction of privacy is filmmaker Godfrey Reggio.
Back in 1972 Mr. Reggio founded the Institute for Regional Education (IRE), which partnered with the American Civil Liberties Union in New Mexico to create a series of advertising spots purchased for television, radio, newspapers, and billboards that warned of the forthcoming technological fascist state.

Yesterday, the Wall Street Journal published an article highlighting the surge in what it calls “ultralong” bonds, defined as having a maturity of more than 30 years.  The findings are simply stunning.   In what may seem counterintuitive, bond yields at hundred year plus lows in many countries has led major investment firms to rush into ever riskier and longer duration fixed income securities just to earn some income.   This has opened the floodgates to governments and corporations looking to lock in low yields on debt they won’t have to pay back for a generation.

Just to name a few, this year we have already seen a 100-year bond sale by Mexico, two separate 50-year bond issuances by Canada, and wait for this one, Spain of all countries is set to try to sell a 50-year bond!

A few years ago, the definition of “strong banking” was Switzerland; today, however, Switzerland’s reputation for banking is nowhere near where it once was.
But eager to restore some of its former banking luster, Switzerland has taken note of this and is rapidly positioning itself to become a major center of European RMB trade. 
Continuing to believe that the dollar is going to maintain its global reserve status is now not only foolish, but financially hazardous. To countries, businesses and individuals.
 
Those who ignore the trend do so at their own peril.

ebolaCharles Arntzen is the Regents’ Professor and Florence Ely Nelson Presidential Chair of the Biodesign Institute at Arizona State University. Dr. Arntzen is known as a pioneer in the development of edible plant-based vaccines, and he has also been a key collaborator on what appears to be a promising new Ebola drug. 
The only problem is this guy is kind of creepy.   In fact, he was caught in 2012 joking about culling 25% of the world’s population to solve the challenging problem of feeding 8 billion people.

The United States would rather reveal its nuclear secrets than what it is doing in the gold market.   –  Chris Powell, Treasurer of GATA, on GATA’s inability to get information from the Treasury or the Fed under the Freedom Of Information Act

The U.S. Government has used up most, if not all, of this country’s physical gold holdings in order to manipulate the price of gold for the purposes of propping up the fraudulent U.S. dollar.
When this truth is finally exposed for all to see, it will go down as the greatest scandal in the history of the United States.

In reality, the gold manipulation scandal is much worse than you think. 

These are people that are deeply, deeply involved in deep TREASON,” explains friend and Patriot Rob Kirby from Kirby Analytics.  Rob joins the SGTReport to discuss Ebola, precious metals manipulation and the US open border with Mexico – and he doesn’t mince words:

We are under the control of Globalists and Globalists have an agenda. They want less of us on the planet. The Globalists have written white papers explaining explicitly their contempt for humanity. They want less of us on the planet. They want the planet depopulated. These Globalists have control of the financial apparatus, the media apparatus, the geopolitical apparatus… It is Globalism that we need to fear most of all. Their agendas are one world government, one world currency and one world religion, namely the worship of State. And this is the trajectory we’re on.”

Rob Kirby’s full MUST LISTEN interview with SGTReport on PM manipulation and US authorities IMPORTING deadly Ebola patients is below: 

The Coming Bear CycleCycle analysis indicates the US Market Cycle is presently completing a 33+ year Bull Market Cycle and once complete, a Deflationary Bear Market Cycle will grip the US Markets in the year 2015 that will DEVASTATE the World.
Before a Deflationary Cycle grips the US Market and the World, FIRST expect an Inflationary Gold spike to $2000 catching everyone off guard and leaving all but the resolute Gold and Silver Bulls behind!
Unlike the previous recession that followed the collapse of 2008, there is no way out of this one.
The time to finalize preparations for what’s coming is NOW.  

It’s going to go from bad to worse to terrible and our World as we know it will change forever!
A $1300 Gold price is soon to be history as Gold Spikes into $2000 before year end as the third and final Gold cycle of 7-years in to 2020/21 and $10,000+ gets under way!  

silver precipiceEarlier in the year, we stated 2014 could be like 2013, price-wise, and that appears to be playing out.   However, as the idiom goes: appearances can be deceiving, and it is certainly true of the chart prices for gold and silver.  The natural forces of supply and demand would have PM prices much higher, if for no other reason than an inflation adjustment.   It is the ongoing exertion of unnatural forces that have been dictating prices for so long.
Apart from the paper market, there is no reason for anyone to change their habit of buying physical gold and silver.  The end game, [of manipulation and US/UK paper derivative dominance] is drawing closer and closer.  When will the PM stake finally be driven into the “heart” of the elite’s banking system is an unknown, and absolute unknown.  The breakdown has been gradual, but it will end with a speed that will take many by a shocking surprise. 

What a disaster.  For the second time in the last fifteen or so odd years, Argentina has defaulted on its debt.  And as we reported a few weeks ago, there was no easy way out.
Years ago, most of the creditors that Argentina had stiffed in 2001 agreed on a settlement; they accepted a much lower payment than they were actually owed, figuring that getting -some- money back was better than nothing.
But a handful of bondholders, known collectively as the ‘holdouts’, didn’t take the deal.
Argentina has plenty of assets.  So the holdouts sued.
Eventually they found a sympathetic judge in the United States who ordered Argentina to STOP making payments to all the other bondholders until the government could reach an agreement with the holdouts.
What gives some judge in the United States authority over a sovereign nation?   Nothing.
Except that he threatened them with the kiss of death: if Argentina failed to comply with his instructions, he would banish them from the US banking system.
Now… imagine you’re the finance minister of some developing nation out there, watching this all unfold in the newspapers.
Would reading about all of this inspire more confidence in the US government?   Would it make you want to continue relying on the US banking system?  Use the dollar?  Or even hold Treasuries?
Probably not.

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The stage is set for what should be an interesting match-up to follow here in coming months and years.
Jim Rickards predicts an eventual systemic crisis that will be worse the the 2008 systemic crisis.
The US Fed projects that we are coming into a recovery (even if a slow one) and that they see stability and continued improvement ahead.  
Someone has to be wrong.  We will watch it here.  
In his latest interview, Jim Rickards takes dead aim at the Fed.
Get your popcorn.

bombshell willieIf Banco Espirito goes under, the default could trigger $29 billion in bondholder claims, and $120 billion in credit default claims. 
However, it’s not the $120 billion in CDS claims that are visible.  The real danger lurks in the “daisy-chain” of hidden counterparty default that could trigger a big meltdown.    Remember AIG/Goldman?   That melt-down – which triggered the big bailout banks – was likely triggered either by the Bear Stearns or Lehman collapse.
The former happened several months before AIG and Goldman.  When Bear collapsed, Bernanke assured us it was isolated and contained.  “Shalom Ben!” – how did the statement work out for you?

Will the Argentina default and the coming one of Banco Espirito trigger a credit default swaps meltdown?