Our favorite member of the European Council Nigel Farage was on Fox Biz to discuss the European bailout.
Farage delivered another classic rant, stating that ‘the whole EU bailout it absolute nonsense!‘ and that ‘you don’t get something for nothing- we are living in Noddyland!!

Full interview below:

Our friend Sean of the SGTReport has interview the Trends Journal’s Gerald Celente for an in-depth discussion about the GOP suicide mission.  Celente states a Paul Ryan VP nomination is an insult to anyone paying attention, Ryan is no conservative much less a Libertarian. To be specific he’s an establishment shill who has voted for bigger military budgets and bigger domestic tyranny. Does the GOP want to hand Obama a second term? Sure looks like it.  Sean and Gerald also discuss the fact that the world’s biggest bank robbery continues unabated. Criminals, criminals everywhere – and plenty of jail cells, for you.

Submitted by SD Contributor AGXIIK

Ann Barnhardt says ‘  If you don’t hold it you don’t own it’
Doc says, ‘If you don’t hold it you  don’t own it.
Jamie Dimon and his ilk say  ‘If THEY don’t hold it they don’t own it”. They know how it works too.  What’s the difference?
We own ours legally.   Dimon is stealing what he holds.
Whatever laws were once written to protect the consumer and account holder have been erased, just as much of the Constitutional protections have been erased by this and previous administrations.

People will be shocked when they wake up some day and see on the news that their brokerages have seized the $6,000,000,000,000 in IRAs and 401K

Let’s get this straight.
JP Morgan grabbed segregated client funds in both the MF Global and PFG Best bankruptcies, so now in order to protect clients from a vaporization (theft) of segregated funds by rehypothecation counter-parties (JP Morgan), customers will now be required to hold excess margin collateral directly at JP Morgan!?!
This is like requiring the hens to sleep in the fox den in order to prevent them from being eaten by a fox getting into the hen house! 

JPMorgan Chase & Co. (JPM) will allow customers to house excess swaps and futures collateral in a separate bank account as it seeks to reassure investors after losses at MF Global Holdings Ltd. (MFGLQ) and Peregrine Financial Group Inc.

The new service will allow clients to automatically aggregate excess margin at JPMorgan Chase Bank N.A., the firm’s insured deposit-taking unit,

After trading down overnight throughout the Asian and London sessions gold and silver have made another vertical move on the COMEX open, with silver popping from $27.50 back up through $28 to $28.05, and gold from $1593 to $1604.

Once again massive buying has come into the silver market at $27.50, which continues to provide massive support for silver on any dip.

Doc’s Deal Of The Day

10 oz NTR Bars


> 50 bars          69 cents Over Spot!

10-49 bars      89 cents Over Spot!

4-9 bars            $1.09 Over Spot!




Get Your Phyzz From The Doc

“Nothing fancy.  Just a telephone and low prices.” 

Call Now To Order At 614-300-1094

George Soros more than doubled his shares in the SPDR gold trust ETF. He increased his position in SPDR Gold to $137.3 million in the second quarter from $52 million previously. SEC filing for the second quarter showed Soros Fund Management more than doubled its investment in the SPDR Gold Trust from 319,550 shares to 884,400 shares at the end of June. In September 2010 (see chart), Soros called gold “the ultimate bubble” and largely dumped his stake in the ETF before gold recorded annual gains in 2010 and 2011 and rose to a nominal high of $1,920.30 per ounce in September.  There was speculation at the time that he may have sold the SPDR trust in order to own far safer allocated gold bars. Another billionaire investor respected for his financial acumen is John Paulson and Paulson & Co increased its holdings by 26% by purchasing an additional 4.53 million shares of the SPDR Gold Trust to bring entire holding to 21.8 million shares.  It was the first time Paulson & Co had increased its position in the SPDR Gold Trust since the first quarter of 2009, when the investment firm initially acquired 31.5 million shares. It means that Paulson’s $21 billion hedge fund now has more than 44% of the company’s assets allocated to gold.

Jeśli nie trzymaj go, hyou nie masz go.

In case you’re wondering, that’s Polish for ‘If you don’t hold it, you don’t own it.’
More than 1 would be Polish phyzz owner is wishing they took that SD phrase to heart tonight, as Amber’s 28 year old founder Marcin Plichta admitted Monday that supposedly allocated client’s gold held by Amber Gold is gone.
Every last ounce of it

Today the SEC charged Wells Fargo’s brokerage firm, as well as a former Vice President, for selling investments tied to Mortgage-Backed Securities without fully understanding their complexity or disclosing the risk to investors. Wells Fargo agreed to settle the charges. However, a fine of $6.5 million, no admission of guilt, and a 6-month suspension of the Vice President sounds like a handslap playing on a broken record. We talk to Neil Barofsky, the man who helped prosecute the CEO and President of Refco, and the watchdog for TARP — the government-sponsered bailout of Wall Street.

Neil Barofsky discuses the costs associated with the taxpayer funded bailouts of wall street doled out through tarp and the false promises made under the pretense of bailing out main street. He provides an in-depth account of his experience behind the scenes, as he tried to negotiate what he initially believed, was a program designed to save main street, but that he later discovered was really created with the full intention of bailing out wall street. That man is Neil Barofsky, the former Special Inspector General for TARP and author of “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”

Also, Bloomberg reports that Russell Wasendorf Sr., the CEO of the bankrupt Peregrine Financial Group, was indicted on 31 counts for making false statements to regulators. We ask Neil Barofsky if, even without blatant confessions of guilt, there are legitimate criminal cases that could be built around executives at major firms.

Jamie Dimon recently told a group of summer interns that the 2008 collapse, ‘was not our fault‘, that ‘our clients are happy with us‘, and that ‘The While has been harpooned. Dessicated. Creamted.’

While Mr. Dimon might like to believe his fairy tales, the truth of the matter is the entire 2008 crisis is the result of derivatives, which were invented by his very own Blythe Masters.
So YES, Mr. Dimon, in fact the 2008 collapse WAS YOUR FAULT! As is the slow-motion contagion spreading across Western economies currently.

The JPMorgan Chase CEO is really, really, really sorry. Except when he’s not.
“Whoa, whoa, whoa,” the JPMorgan Chase CEO interrupts, leaning into the microphone and peering out at the several hundred summer interns, sweating in their first business clothes, that have gathered in the auditorium of the former Bear Stearns building for a friendly Q&A session with the boss. “Before you go to the next level of generalizing, saying, ‘all bankers,’ ‘all banks.’ I don’t like that.”

Euro Pacific Capital’s Peter Schiff has launched a bank backed by actual physical gold.
The catch?  American’s need not apply.   US ‘security’ laws have become so totalitarian that Schiff has opened his global bank to all EXCEPT Americans.

This is a real bank, that deals in real money.  In other words, you can open accounts in any denomination you want, whether fiat currency OR gold bullion — whatever you’d like.
You can even get a “gold debit card” that you can use anywhere in the world. It’s backed by actual gold, which converts to whatever currency you’re needing at the time you hit that ATM.
It’s the sort of thing that the Constitutional Tender Act calls for in banking…
…Well, there is one caveat: you can’t open an account at this bank if you’re a U.S. citizen.

From Sandeep Jaitly
We tend to forget in the modern day that silver and gold are money : the universally acceptable ultimate extinguishers of debt. The use of silver as the medium of exchange and unit of account dates back countless millennia. The very names of ancient currencies like the rupee or pound sterling are testament to this. Silver and gold have what is termed constant marginal utility – the personal satiation point of these two metals is so far removed as to be infinitely far away. As a consequence of this, the above ground stock of silver and gold is many multiples of the amount mined annually.

Prior to the turbulent and forced introductions of gold standards throughout various countries across the world in the 19th century, financial obligations – such as bills or bonds- were denominated in a weight of fine silver.