China Gold Association President: US Intends To Suppress Gold To Ensure Dollar’s Dominance

Caption Contest 1Sun Zhaoxue, China Gold Association President, and General Manager of the China National Gold Group Corporation (China’s largest gold mining firm) has brought the US manipulation of the gold market mainstream in China in a speech at the Lujiazui Forum, an annual finance conference attended by prominent Chinese economists:
Only gold remains on par with the US Dollar to benefit from the Eurozone collapse. This is why the US began to suppress gold by issuing a statement two months ago that the Eurozone will sell its gold when it is unable to service its debt, then stating three days later that the news was false. Goldman Sachs made a forecast for the gold price at the beginning of the year but suddenly changed its course saying the gold price will fall to $1300.
Bernanke’s speech followed, saying that monetary easing will end, that the US economy is improving. This series of examples shows that the fall of the gold price is premeditated.  This process is a genuine currency war.

Then we have to ask the US why they store so much gold but instead of selling gold, they issue debt to other countries to rescue the financial market.  The US owes Germany so much gold but instead of repaying immediately, sets a 2020 deadline to return the goldThis is a downright currency war to maintain US Dollar hegemony by defeating all other currencies.” [Read more...]

The Cremation of 2013

There were strange things done by fluorescent sun
By the Federal Reserve of old
From Treasury pops to secret swaps
That would make your blood run cold
The Wall Street nights have seen strange sights
But the strangest ever, I’m told
Was that year, oh so mean, known as twenty thirteen
When they crushed the price of gold. [Read more...]

10 Year Treasury Yield Hits 3%!

Fed monkeyApparently the Fed cannot have its cake (taper) and eat it too (maintain its iron-fisted control over interest rates) as the 10 year treasury bond has just hit 3%- a 52 week high and up 20% from its October lows under 2.5%.
Is the Fed beginning to lose control of the bond market (along with the correlated $600 Trillion IRswaps derivatives market)?
[Read more...]

G. Edward Griffin: “If America Doesn’t ABOLISH The FED, The FED Will ABOLISH AMERICA!”

fedOn December 23rd 1913, Woodrow Wilson signed into effect the Federal Reserve Act. On the 100th anniversary of the Federal Reserve, author of “The Creature from Jekyll Island: a Second Look at the Federal Reserve,” G. Edward Griffin exposes the Fed’s hidden objective over the past 100 years and why “if America does not abolish the Federal Reserve, the Federal Reserve will abolish America. [Read more...]

100 Reasons to Shut Down the Fed Forever!

Ron PaulDecember 23rd, 1913 is a date which will live in infamy.  That was the day when the Federal Reserve Act was pushed through Congress.  Many members of Congress were absent that day, and the general public was distracted with holiday preparations.  Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don’t know what it actually is or how it functions.  But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems.  Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger.  This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have.  If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation.  So please share this article with as many people as you can.
The following are 100 reasons why the Federal Reserve should be shut down forever… [Read more...]

On the 100th Anniversary of the Fed, The Great Fed Debate With Jim Grant!

Jim GrantOn the 100th anniversary of the creation of the Federal Reserve, we present a MUST WATCH historical discussion and debate on the Fed between the Interest Rate Observer’s Jim Grant, and NYU Professor Richard Sylla.  
Has the Fed, as Ben Bernanke said, “come full circle back to the original goal of preventing financial panics?   Or after 100 years, has the Fed nearly entirely destroyed the value of the dollar, to the enrichment of the banksters?
If the Fed was able to effectively control prices the Soviet Union would still be in business… The Fed has presided over the decay of finance, and the degradation of the dollar.  Retrogression in finance can be laid at the feet of the Fed & the regime behind it.  The Fed is the creation of a system of paper money, and socialized & subsidized credit.-Grant
Ironically, before the “debate” concludes, both Grant & Sylla end up harshly criticizing the Fed- particularly over manipulation of asset prices and the stock market in particular.
James Grant (at his finest) & Richard Sylla – The Great Fed Debate is below:

[Read more...]

The Doc Goes Out On a Limb- Gold & Silver to Bottom in Next 10 Days!

Play

gold bottomOn the latest SD Weekly Metals & Markets Wrap The Doc & Eric Dubin discuss:

  • The Taper and MOPE manipulation undertaken to introduce it
  • Gold breaks below $1200, silver holds at $19- why The Doc believes the metals will bottom by 12/31
  • Bloomberg’s admission: London gold vaults drainedThe SD Weekly Metals & Markets Wrap with The Doc & Eric Dubin is below: [Read more...]

Alasdair Macleod: Tapering – Join the dots & end up with ZIRP

BernankeThe Fed showed through its FOMC statement Wednesday it has little control over events, something that should dawn on markets in the coming days.  The fed attempts to offset the deflationary implications of tapering by increasing its commitment to zero interest rate policy (ZIRP) and for longer. We are left wondering how long it will be before this contradiction is generally understood.
It is not just precious metals that are mispriced. Government bond yields, particularly for the weaker eurozone states do not reflect credit risk. Equity markets are priced on the back of ZIRP. Fixed assets, particularly housing and motor vehicles are being financed on the back of this unreality. The important point is not tapering, but that ZIRP continues indefinitely.

[Read more...]

Federal Reserve: 100 Years of Failure

Since the adoption of a private banking, money creation venture, the dollar has lost virtually its entire store of value. The currency has lost its universal acceptance, as multiple alternatives circulate to replace its reserve status.
This failure to maintain and preserve the integrity of the dollar is no accident. The actual purpose of the architects of the Federal Reserve System has never changed. Consolidate the control of money into a concealed cartel of banking houses that ultimately decide economic and political policy.
For the rest of Americans, the Federal Reserve conspiracy is an ongoing theft syndicate. It only takes the will to admit the undeniable. Without the courage to abolish this usury monster, the next century will witness the total destruction of the country. [Read more...]

Taper! Fed Announces $10 Billion/Month Taper; Bernanke Says to Expect Further Taper at Each FOMC!

  • freefallFed tapers QE to $75 billion/month beginning in Jan!
  • Bernanke threatens further tapering: `Fed is likely to further the reduction of asset purchases at each future meeting!’
  • As expected, gold & silver smashed on the release, already rebounding to pre-FOMC levels as a $10 billion taper appears to have been fully priced in
  • 10 year spiking towards 3%

Full December FOMC statement is below: [Read more...]

Jim Grant: The Fed Has Embarked Upon a Dangerous Course of Monetary Manipulation!

Fed monkeyAhead of the Fed’s December FOMC statement, The Interest Rate Observer’s Jim Grant was on CNBC today debating the effectiveness of the Fed & Bernanke’s QE policy with bankster apologist Steve LIESman.

The Fed has embarked on a dangerous course of monetary manipulation. You’ve said there is no inflation. How about on Wall St.? How about in stocks, bonds, art, Ferraris and farmland? The asset holding portion of the community thinks this is great. You think its great. It is NOT GREAT! The Fed can change how things look, it cannot change what things are!
Grant’s MUST WATCH schooling of Steve Liesman & the CNBC crew on the dangers of the Fed is below:

[Read more...]

Taper or No Taper? Discuss the FOMC Statement With The Doc, Eric Dubin, & AGXIIK at SDLive!

Source: Banzai7

Source: Banzai7

Taper or No Taper?  Will the cartel attempt to smash gold & silver below the June 28th lows of $1179 and $18?
SDLive debuts as an Open Interactive Thread for SD readers to discuss the day’s events, Bernanke’s last FOMC Press Conference, and the reaction of the markets.
The Doc, Eric Dubin, and AGXIIK will be covering the news and chatting live from 1:30-3pm EST!

Taper/No Taper Open Thread-your chance to interact directly with The Doc, Eric Dubin, & AGXIIK!
http://www.silverdoctors.com/live/

Fed’s Ballooning $4 Trillion Balance Sheet Bodes Well For Gold In 2014

The Federal Reserve’s balance sheet is set to exceed a whopping $4 trillion today, prompting warnings its ultra loose monetary policies are inflating asset price bubbles and will lead to a devaluation of the dollar and significant inflation in the coming years.
The Fed’s assets rose to a record $3.99 trillion on December 11, up from $2.82 trillion in September 2012, when it embarked on a third round of bond buying. It’s balance sheet has ballooned by more than $3 trillion or 300% since September 2008 when it was at just $0.91 trillion.
The deterioration in the balance sheet of the Fed and most central banks in the world bodes well for gold prices in 2014. [Read more...]

Stewart Thomson on Gold: Money Velocity Takes Centre Stage

rocketPrice inflation is not simply a product of an increase in the money supply. It is created by an increase in the number of times that money changes hands. Central banks call that “money velocity”.  The current M1V chart (M1 velocity) is interesting. While the supply of money grew aggressively during the 2008 -2013 period, the velocity of money collapsed.
That situation now appears to be changing. M1V has suddenly stopped declining and there’s a significant breakout from a bullish wedge pattern.
The velocity of money is suddenly surging.  Gold, silver, and PM stocks stand to benefit the most.
[Read more...]

GOLD PRICE: Cartel Catch 22

Jamie DimonFriday October 11th, gold trading was shut down for 10 seconds according to the CME.
Why?  Because someone sold 2 million ounces of gold at one time. Who does this? Who sells nearly 2 and one-half percent of annual gold production in a single minute? The gold valued at over $2.5 billion could not have been sold by a small trader, and certainly not the smart money, institutional investors know that you don’t exit a large trade like this…
So who could it be? Try the dumb money, The Western Central Banks. [Read more...]