bloomberg goldA reader has submitted evidence that Bloomberg falsified a gold price chart on air in January 2012 in order to discourage investment in the metal.

During an on-air segment touting gold’s extreme volatility, Bloomberg posted a monthly chart of gold depicting the price action of July 2011-Jan 2012In order to paint the perspective that gold is an extremely volatile asset and an unworthy wealth preservation vehicle, the monthly reference points were scrubbed, and replaced with the years 2001-2011The chart displayed also altered the $ value of gold axis (unless we missed something, gold did not dip below $500/ounce in 2010, or in December of 2012).

The mainstream media caught red-handed attempting to manipulate the perspective of precious metals in full visual display below:

Gold bullion could form part of “an immensely important phase in the history of world money,” according to a report published today by the World Gold Council and produced by the Official Monetary and Financial Institutions Forum.

Western economies have attempted to dismantle gold’s monetary role,” the report says,”[but] this has failed.

silver_11-image012.gifBy SRSrocco:

The one important aspect that the world has not yet grasped… is the decline of NET ENERGY.  ENERGY is what allows the formation or growth of the money supply… whether that be gold & silver or fiat.  Without the growth of energy… you can’t grow your money supply and you can’t PAY HIGH INTEREST EITHER!
In the graph below, we can see the big change coming in NET ENERGY that will be available to the market:

imagesAfter trading up to the top of their recent respective trading ranges over most of the week, gold and silver were capped at $1680 and $31 overnight, and have just been treated to another waterfall decline.

Silver was smashed .80 to $30.14, and gold nearly $25 to $1654.

imagesPIMCO founder and co chief investment officer Bill Gross gives no credence to the trillion dollar platinum coin scheme. “We feel that such an action would not only jeopardise the U.S. Fed and Treasury standing with Congress but with creditor nations internationally – particularly the Russians and Chinese.” It appears to be a bit of a stunt by and may be a convenient distraction away from the substantive issue of how the U.S. manages to address its massive budget deficits, national debt and unfunded liabilities of between $50 trillion and $100 trillion. It may also be designed to create the false impression that there are easy solutions to the intractable US debt crisis – thereby lulling investors and savers into a false sense of security … again. Gross said that subject to the debt ceiling, the Fed is buying everything that Treasury can issue. He warns that we have this “conglomeration of monetary and fiscal policy” as not just the US is doing this but Japan and the Eurozone is doing this also. Gross has recently criticised the Fed’s ‘government financing scheme.’  He has in recent months been warning of the medium term risk of inflation due to money creation and recently warned of ‘inflationary dragons.’

imagesGold and silver are NOT going up in value. An ounce or gold or an ounce of silver is still the same ounce. It is the imaginary “value” of the fiat you hold that is being debased and is relentlessly dropping. It is a subtle, but necessary change in “belief” one must always recognize, [and there are many who do, just not enough]. Instead of 250 or 900 units of fiat, it now takes 1650 units of fiat to purchase the SAME ounce of gold, and 30 units of fiat, instead of 5 or 20 units to purchase the same ounce of silver.

Make no mistake about it, it is the central bankers that are leading governments around by the nose, and by proxy, governments leading
people around by the nose, and that “nose” is inhaling “lines” of fiat.  Unless cured, all addictions end badly, and the only “cure” central bankers have for ever-increasing fiat is, ever-increasing it more. 

obamaWith the Obama administration attacking the 2nd amendment and American’s Constitutional right to bear arms, we thought it would be apropos to bring back a clip from Sep 9, 2008, while Obama was campaigning in Virginia, in which he stated he believed in the 2nd amendment and would not take American’s guns away:

I just want to be absolutely clear, alright? So, I don’t want any misunderstanding when y’all go home and you’re talking to your buddies and say, “Ah, he wants to take my gun away.” You’ve heard it here. I’m on television, so everybody knows it. I believe in the second amendment. I believe in people’s lawful right to bear arms. I will not take your shotgun away. I will not take your rifle away. I won’t take your handgun away.

Full video of Obama’s 2008 statement on the 2nd amendment below:

imagesFinancial analyst Gregory Mannarino says, “The Fed cannot and will not stop printing. . . If they do that, overnight the system would collapse. . . . They are in desperation mode.” Mannarino thinks the U.S. should be cutting spending and not raising the debt ceiling. He contends, “By raising the debt ceiling, we are borrowing from our MasterCard to pay for our Visa.” Mannarino says global central banks are all “. . . purchasing gold and silver in record numbers. Meanwhile, they are flooding the world with fiat currency.” Despite a lackluster market in precious metals, Mannarino thinks people should keep accumulating gold and especially silver. Mannarino proclaims, “Silver is the most undervalued asset in the history of the world.” Mannarino predicts the middle class will be left “desperate, distraught and completely wiped out . . . when this thing collapses. We’re going to see a two-tier society.” Mannarino says it’s all because “we have a madman running the Federal Reserve.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino.

By SD Contributor SRSrocco:

While it is true that the gold & silver miners have underperformed the bullion… I believe we are going to see a different story in these stocks in the next several years.  Right now, you can’t give the da*n things away.  Of course, it’s not as bad as the end of 2008… early 2009, but the sentiment is pretty bad.

I believe the gold and silver miners have been hammered… yes.  I disagree with many of those on KWN that the stocks are way UNDERVALUED… they AIN’T

I believe the stocks are being properly valued to the price of the metals… however, we all know the metals are manipulated.
Once we start to see the revaluation of GOLD to some trade settlement backing and we have a devaluation of the dollar, there will be a huge run into precious metals… probably before hand as well as the stocks.
Money will have to flow into gold and silver stocks.

images“Quantitative Easing is not the only bullish factor for gold,” says January’s Metal Matters Monthly from bullion-bank Scotia Mocatta.  “The financial system is drowning in debt and there seems no end in sight to ongoing massive budget deficits…Confidence in the financial system and in the fiat government paper that facilitates it will remain low.”

The physical market has already responded positively to that price fall, with bargain hunting appearing in a number of regions,” says a note from another London market maker.   “If there was a reason for buying gold, you’ve got two good ones” in next month’s Chinese New Year and the ‘debt ceiling’ deadline in the US political system, now just 7 weeks away.  We’re surprised at how low gold prices are.”

The U.S. government may default on its debt in 38 days or as soon as February 15th, half a month earlier than widely expected, according to a new analysis adding urgency to the debate over how to raise the federal debt ceiling.
The analysis came courtesy of the Bipartisan Policy Center (BPC), which released a revised “debt limit analysis.”

If we reach the X Date and Treasury is forced to prioritize payments, handling payments for many important and popular programs will quickly become impossible, causing disruption to an already fragile economic recovery,” said Steve Bell, Senior Director of the Economic Policy Project at BPC.  The Treasury has said that the accounting schemes, known as “extraordinary measures,” ordinarily would forestall default for about the first two months of the year, though officials were clear that they could not pinpoint a precise date because of an unusual amount of uncertainty around federal finances.

If Congress does not raise the debt ceiling by the deadline, the White House has said that the nation probably will default.

Jim Sinclair has sent subscribers another alert this afternoon regarding the delay in the implementation of the Basel III requirements, which were set to make gold a Tier I asset- making the metal equal with cash or treasury bonds for capital liquidity requirements. 

Sinclair states that the entire reason that Basel III has been delayed is because the Western financial system simply does not have the ability in terms of real liquidity to meet the new requirementsSinclair states that the Western financial system cannot meet the requirements now, they will not be able to in 2 years, and that his conclusion regarding Obama’s appointment of Citi derivative dealer to the position of Secretary of the Treasury isFather forgive them because they (our esteemed leaders) really do not know what they have gone and done.

Sinclair’s full alert is below:

Biden gun controlMoments ago on MSNBC, VP Biden announced that President Obama is considering going after the 2nd amendment via executive order. 
Biden, who is scheduled to meet with execs from the NRA Thursday, stated that President Obama is going to act, and that executive orders and executive action can be taken.

If team Obama/Biden are not merely bluffing regarding an executive order, it is looking more likely by the day that Obama could literally instigate the 2nd Civil War.

Biden’s full comments below: