Sound Money Campaign: “Economists Love To Hate Gold
The Sound Money Campaign website (an excellent initiative by the way) just released an interview with Jay Taylor. It is a “must listen” interview as several interesting insights are revealed. Triggered by the seeming propaganda against the metals in the past two weeks, Jay Taylor shares his take on the metals, our money and gold miners.
I think there’s no question there is a [...]
We have obviously crossed the threshold folks, things are falling apart by the day and the game of Kick the Can has at long last gone as far as it can. The rest of the World no longer has a choice, the United States is no longer the big bully on the playground who won WWII and their fingers are no longer so firmly around the throat of the planet. [...]
Bundesbank to pull gold from New York and Paris in watershed moment
Germany’s Bundesbank is to repatriate gold reserves held abroad to tighten control and combat currency crises in the future, pulling a chunk of its holdings from New York and all its bullion from Paris.
The move marks an extraodinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts, with some comparing it with France’s [...]
Jim Willie CB – Firestorms & Currency Twisters
MORGAN STANLEY IMPLOSION
The insider conversation, often called chatter when it become deafening in tone, is that Morgan Stanley faces imminent failure and ruin. Almost two weeks ago, the Jackass provided a tip to Bill Murphy of GATA to post on his popular LeMetropole Cafe that Morgan Stanley fund managers and high ranking employees were preparing for the firm’s implosion. A subscriber to the [...]
August 7, 2012
Senator Ron Paul, author of the legislation called Federal Reserve Transparency Act of 2012 (HR459) that will subject Ben Bernanke and the privately-owned Federal Reserve Bank to a monetary audit policy has seen much support from his peers on Capitol Hill. The House of Representatives passed 327 – 98 on a vote last week which exceeded the necessary 2/3rd majority.
Bernanke, trying to deter the US Congress from digging into the private [...]
A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets?
As every effort to re-inflate and perpetuate the credit bubble is made, the words of Austrian economist Ludwig Von Mises lurk ominously nearby:
There is no means of avoiding the [...]
Global Financial Repression Is Here: India to ban GOLD sales! Argentina banned Gold sales and foreign currency! Europe withdrawal limits…Obama is spying your gold purchases!
Gold SHOCKER: The first gold ban of the 21st century could happen here
Something strange has been happening in India in the last year:
While the rest of the “developed” world has been doing all in its power to crush its currency in order to promote exports within a [...]
Man-made financial phenomena imitate nature, but more importantly they are subject to the powerful laws of economic nature. The Wall Street financial engineers have built vast structures, which tragically are crumbling and soon will fall to the ground. Vast illusory wealth will be lost, never truly garnered. The fiat currency system has required tremendous efforts not only to build the financial skyscrapers ever higher each year, but also to provide [...]
Globalists fear Greek exit could torpedo single currency
Paul Joseph Watson
Wednesday, May 30, 2012
President of the European Council Herman Van Rompuy will join fellow elitists at the 2012 Bilderberg conference this week to discuss the collapsing euro and how the Greek debt crisis threatens to unravel the quest for a European federal superstate.
According to veteran Bilderberg sleuth Jim Tucker, Van Rompuy will be joined by former president of the [...]
Cullen Roche, Pragmatic Capitalism
Okay, that headline is a little extreme (I actually laughed out loud as I wrote it), but I am trying to think like a European politician here. Let me explain. I’ve already said what I’d do if I was a member of the peripheral countries. I’d go right up to Angela Merkel and tell her that if Germany doesn’t start giving in to some of our demands that I’d take [...]
With global stock markets plunging, along with gold and silver, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN “There is a war going on right now” because “the pure fiat currency system is on its last legs.” Embry also said “Europe is in desperate shape” and the implications are “horrific” if the US dollar loses its reserve [...]
On Saturday April 14 the People’s Bank of China expanded the range that it would allow the renminbi to rise or fall each day. Previously the currency was only allowed to rise or fall by 0.5% from a determined midpoint, but now that limit is being increased to 1%. Many have long felt that the currency was undervalued and that this could be a first step in a upward revaluation [...]
USA partial default prediction
Only after that, the favor will switch to Euro zone. While USD is going up, there will be inflation in Eurozone, after 2016, in the USA etc.
EUR/USD prediction chart
After partial USD defaults or in imminent anticipation of such USD will start to go down, inflation moves to the USA (after/during 2016)
In this scenario, there will never be a time when gold will cost much less in USD [...]
From Pragmatic Capitalism:
Europe is partying like the good old days. And why not? It looks like the crisis is in the rear-view mirror. But I don’t think that’s necessarily the case. The reason is simple – the cause of the problem has not been fixed.
The fact is, Europe is an unworkable currency system. There are no floating exchange rates between the economies and there is no fiscal entity willing to [...]
The German Federal Audit Office has criticized lax Bundesbank controls of and management of Germany’s 3,396.3 tons in gold reserves. It is believed that some 60% of Germany’s gold is stored outside of Germany and much of it in the Federal Reserve Bank of New York, to facilitate payment and trade, according to German newspaper Bild. A Parliamentary Budget Committee will assess how the bank manages the inventory of bullion totaling [...]
was on a panel at the recent California Investment Conference in Palm Springs and the question was asked, “What percentage of your portfolio should be in gold bullion?”
The first panelist answered 20%. The second panelist said, up to 30%. Then it came to me.
“I have no problem with someone having 100% of their portfolio in gold,” I stated bluntly. Many in the crowd laughed. Their laughter confused me. What’s so [...]
The Federal Reserve holds eight regularly scheduled meetings annually, and other emergency meetings as needed. These meetings are where the carefully crafted Fedspeak message is painstakingly explained for us rubes. We believe that there is a clear difference between overt printing of currency and the stealth inflation we have seen in the interim.
In the January meeting, we learned that the Federal Reserve wanted to set expectations for interest rates to [...]
by Chirs Martenson
The idea that the very same economic forces that are currently plaguing Greece, et al., are somehow not relevant to the United States’ circumstances does not hold water. As goes the rest of the world, so goes the US.
When we back up far enough, it is clear that money and debt are there to reflect and be in service to the production of real things by real people, not [...]
It could happen but probably not here and now. Ideally the Fed wants to keep things nuetral – offsetting the natural tendancy toward deflation by reflating……..the banks. Make no mistake, what the Fed is doing now is repairing balance sheets of the TBTF banks. Backstopping assets, suspending mark to market accounting, handouts via the discount window are all attempts to keep the banking game alive. It can be argued that [...]
December 29, 2011
Earlier this month, Federal Reserve boss Ben Bernanke told senators the cartel has no intention of bailing out European banks. Bernanke told lawmakers that “he doesn’t have the intention or the authority” to bail out countries or banks.
Former Fed official Gerald O’Driscoll says Federal Reserve is covertly bailing out Europe.
Now we learn that the Fed is indeed in the business of bailing out European banks. It is secretly using [...]
As the IIF continues to believe it is negotiating with Greece on voluntary haircuts and Ireland follows the Greek playbook by threatening referenda and asking for bailout term adjustments, is it any wonder that the words of a supposedly united Europe ring hollow in the ears of investors who seem to expect a Euro breakup sooner rather than later. Deutsche Bank’s credit team see two noteworthy similarities between the [...]
Remember credit default swaps and derivatives?
Say hello to hypothecation and re-hypothecation. Just as stupendously bad – and perfectly legal.
Why The UK Trail Of The MF Global Collapse May Have “Apocalyptic” Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else
“…virtually unlimited leverage via the shadow banking system, in which there are practically no hard assets backing the infinite layers of debt created above, and which when finally unwound, will create a cataclysmic collapse of all financial [...]
Thursday, December 1, 2011
The Fed’s latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with central banks harms the Fed’s independence should reevaluate the Fed’s supposed [...]
From Ron Paul
Statement on the Fed’s Continued Euro Bailout
The Fed’s latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with central banks harms the Fed’s independence should reevaluate [...]
Bank Transfer Day on November 5 and the earlier Move Your Money movement have succeeded in inspiring millions of fed-up consumers to dump their mega-bank accounts and take their business to locally owned community banks and credit unions. But the truth of the matter is, their actions won’t make much difference in the grand scheme of things: any financial institution that makes loans is contributing to the gigantic Ponzi scheme [...]
Moments like these can be tough. Gold is down, and silver is too. Call it a “correction,” ”liquidation,” a “flight” – call it whatever you prefer. In short, it is something the precious metal enthusiast hates to see. (Unless, that is, one is looking for a buying opportunity).
But what does it matter, really? Gold and silver are not short-term investments. They are not get-rich-quick [...]
NEW YORK (Commodity Online): Gold and Silver prices could shoot up on escalating US and Euro zone problems and the upside could knock your socks off, says John Embry of Sprott Asset Management. He expects gold to be reintroduced into the currency system
“I have seen some wild estimates, $5000 to $10000 in gold. I am not going to say that but it wouldn’t surprise me” says Embry, the man who correctly [...]
The U.S. Fed and Congress want to see a far weaker dollar against all other currencies but can’t see it because of the structure of the currency system!
In the last two weeks we have seen the strongest and most respected currencies being purposely weakened by their own central banks. It is at times like these, when the going gets tough that national monetary [...]
America’s possible default has resonated far and wide. Russia’s prime minister says that the current deal struck by US lawmakers will not solve the underlying issues.
Vladimir Putin believes that raising the ceiling yet again only signals delay in tackling inevitable problems.
“Actually, there’s nothing good about it. It’s just postponed making more systematic decisions,” Putin said.
The PM stressed that in doing so the US is putting pressure on the [...]
With gold and silver consolidating recent gains, today King World News interviewed John Embry, Chief Investment Strategist at the $9 billion strong Sprott Asset Management. Embry had this to say about the world’s present situation, “We all know the problems in Europe and in the United States, but there was apparently a failed Chinese auction due to the problem with the local debt over there. [...]
DECEMBER 27 — Great and universal as was the satisfaction over the passage of the tariff bill, the feeling of relief as then shown was moderate by comparison with the subdued jubilation felt everywhere over the signing of the currency bill this week by President Wilson. The struggle over the measure has been severe and prolonged, and nothing but the recognized necessity of ultimate action [...]
James Turk interviews Edwin Vieira, author of “Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution”. For more info visit http://www.goldmoney.com/goldmoney-foundation/books.html
Edwin talks about how his book came to be and the new editions. He explains the role that the gold commission hearings and Ron Paul played. He also says how important and urgent monetary reform is for the United States [...]
It’s been two weeks since George Soros bought himself a major economic conference designed to remake the entire global economy. Just because the event received little major news attention, it still had an impact Americans might be reeling from for years.
When the anti-American Soros spent $50 million creating the New York City-based Institute for New Economic Thinking(INET), he began a major move against the [...]